Ryanair soars as market falls

THE Dublin ISEQ Index started the day as it meant to go on opening the session lower and closing 6.92 points weaker on 5081.14.

The main mover on the day was budget carrier Ryanair which saw a jump in share price to 5.28, 16c stronger for a third day running, investors continuing to buy the stock even after last week’s 30% decline.

Pressure on the company still remains due to concerns over yields. In hindsight, analysts have downplayed the impact of the EU ruling, saying it will have minimal effect on profits.