The Irish Stock Exchange rebounded today, with the ISEQ index climbing 120.72 points to 3,943.66.
The financials all gained ground in the wake of the Government’s funds guarantee plan. Allied Irish Banks led the way, shooting up 83c to €7.50. Elsewhere, Irish Life And Permanent (up 45c to €6.50) and Bank of Ireland (up 23c to €4.85) enjoyed significant gains. Anglo Irish Bank gained a modest 5c to €5.08.
The news was mostly good in the construction sector, with CRH rocketing up 89c to €15.88. Grafton stumbled 10c back to €3.28 however.
FBD enjoyed a 50c gain to €12. However, there were some big falls also. Tullow slumped 83c to €8, with Elan (down 29c to €7.98) and Paddy Power (down 20c to €12.95) also losing ground.