CRH and Elan lead market rally

THE Dublin market traded in positive territory for the third day in succession. Shares in CRH, the banks and pharmaceutical giant Elan led the charge as the ISEQ index advanced 60.09 points to 5736.51.

The latter saw its price jump 62c to €20.28 following the release of its third quarter earnings update in which the company posted a loss that was smaller than analysts had expected.

Construction giant CRH surged 46c to €19.03. Ryanair soared to €3.99, while rivals AIB and Bank of Ireland strengthened to €13.83 and €10.86 respectively. Anglo-Irish and Irish Life & Permanent both traded in the red. C&C was strong at €2.58 while Eircom was up 2c to €1.64.