The value of Irish shared soared by more than 4.5% in an extraordinary period of trading on the Irish Stock Exchange this morning.
The ISEQ index shot up an incredible 221.43 points to 5,131.48 by mid-morning, with the financials leading the way.
Anglo Irish Bank led the way in this sector, gaining 59c to €6.45. Allied Irish Banks (up 56c to €8.62), Irish Life And Permanent (up 51c to €5.96) and Bank of Ireland (up 49c to €6.16) impressed also.
In a morning of widespread gains across the market, all sectors enjoyed some benefits. The construction sector performed well, with CRH coming out on top, climbing 50c to €18. Kingspan was not far behind, gaining 43c to €7.50, with Grafton up 13c to €3.93.
There were plenty of large gains in the food and drink sector also, as Kerry Group enjoyed a 95c gain to €17.89. Iaws soared 50c to €15.75, with C&C climbing 22c to €3.04.
Elsewhere, there were impressive gains for FBD (up 75c to €15.25), DCC (up 30c to €15.80) and Elan (up 24c to €21.89). Paddy Power and Ryanair both gained 25c to climb to €18.20 and €3.40 respectively.
The only loss of any real significance came for Tullow Oil, which lost 20c to €9.80.
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The value of Irish shared soared by more than 4.5% in an extraordinary period of trading on the Irish Stock Exchange this morning.
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