ISEQ rallies as holiday season ends

A MARKET rally of 60.86 points saw the ISEQ index close at 5540.62. With the holiday season ending, normal volumes of trading are evident.

Paddy Power was among the plethora of firms releasing results this week. It reported strong first-half interim figures boosted by favourable results in football and horseracing. Shares however, dropped 20c to €9.80. Glanbia reported interim results that were in line with expectations. They were up to 9c to €2.51.

AIB was up 17c at €13.15, with 2.7m shares traded. Bank of Ireland saw a 2% increase edging forward 23c to €11.26. Irish Life & Permanent posted a marginal drop in first half profits, but overall profit showed a gain of 15%. Shares were down 12c to €12.40. Elan surging 73c to finish at €18.93.