European markets in positive mood

European markets advanced en-masse yesterday, as all major bourses with the exception of the Spanish index made headway.

US markets were also slightly ahead as US Federal Reserve chairman Ben Bernanke testified before Congress on the decisions made during the latest Federal Open Market Committee meeting.

The Irish index was 8.55 points ahead at 4,068.72.

Bank stocks were mixed. However, Bank of Ireland was among the market leaders, advancing 1c or 5.4% to 19.4c. It was announced earlier this month that stock is due for inclusion in the MSCI ACWI Index from the close of business on May 31 which has seen trading volumes rise as fund managers tied to the index seek to buy shares in the new additions. Elsewhere, Permanent TSB Group finished flat on 3.6c, while AIB gave up 0.1c to 6.7c.