Banks help market buck Euro trend

YESTERDAY the Irish market bucked the negative European trend, rising for a fourth day in succession. The ISEQ index, supported

Bank of Ireland surged 2.9% to €10.70 with over five million shares traded. Allied Irish Bank added 14c to €13.40 and Irish Life and Permanent advanced 52c to €10.40. Shares in bookmaker Paddy Power traded as low as €4.25 in early trading following a profit warning, however the stock recovered and closed at €5.05, down 55c.