Strong rally by financials

THE ISEQ Index of shares closed up yesterday

The financial sector mirrored a strong day by British banks and rallied to recover some recent heavy losses.

Bank of Ireland led the charge for a second day running by adding 60c to 9.65. Irish Life & Permanent was the biggest gainer in of the financials by closing 70c higher to 11.40. Other considerable gainers in the financial sector included Allied Irish Bank up 55c to 12.35 and Anglo Irish Bank climbing 23c to 5.98.