Positive start for Aer Lingus shares
Aer Lingus enjoyed an early jump in share price after being launched on the Irish Stock Exchange today, climbing 18c to €2.38 by 11.25am this morning.
Official trading starts on October 2. The Government is set to receive €200m from the sale, as well as retaining a 28% stake.
The overall ISEQ index showed little movement, creeping down 10.33 points to 8160.53.
Irish Life & Permanent showed the strongest growth in the Exchange, soaring 33c to €19.59. Elsewhere in the financial sector, there was little activity, with Allied Irish Banks (down 3c to €20.84) and Bank of Ireland (down 2c to €15.32) both stumbling somewhat. Anglo Irish Bank inched 2c higher to €12.86.
Heavy trading continued in the construction sector, with CRH sliding 12c to €12.92. Similarly, rivals McInerney Holdings dropped 9c to €26.76.
The other big drop in early trading came for IAWS, down 13c to €14.73.
There were some successes this morning however, with DCC and Tullow Oil both climbing 13c to €19.68 and €5.28 respectively. FBD enjoyed a positive morning, shooting up 25c to €37.50. Paddy Power also continued its recent good run, up 17c to €14.90.
