In demand AIB leads market higher

SHARES in Dublin rose for the first day in four yesterday. Buoyed by the financials and Ryanair, the ISEQ rebounded 14.89 points to close at 6172.77, as the market eases into holiday mode.

Allied Irish Bank was the main mover of the day, rising 13c to €15.08. With over four million shares traded, rivals Bank of Ireland firmed 4c to €12.04. Both Anglo-Irish and Irish Life & Permanent continued the positive trend the latter up 5c and the former gaining 7c.

Construction stocks were also to the fore of the action. Leaders CRH traded 8c higher at €17.83 while Grafton fell 20c on profit-taking. Readymix slipped 3c to €1.75.