Stocks outperform global indices

IRISH stocks have outperformed global indices by almost three to one in the first weeks of the year and Goodbody Stockbrokers believe there is room for more growth in the ISEQ.

Goodbody analyst Liam Igoe, in a note circulated to clients yesterday, points out that equities have continued their strong performance into 2004, with global equities up 3% in euro terms since January 1.

"The ISEQ has returned almost three times that amount so far with +8.2% versus 3.0% globally (after a strong relative outperformance in 2003 at +23.1% versus 5.1% for both the US and Britain)," he said.