Financials lead market recovery

THE ISEQ index had a positive day mirroring its European counterparts and closing up 30.49 points to 6008.23.

The financial sector was the major contributor to the gains seen on the index. Leading bank AIB gained 10c yesterday to close out at €16.29. Bank of Ireland also gained ground, up 1c to finish trading at €12.18. In the second line Anglo-Irish rose 50c to €19.35 while Irish Life & Permanent dropped 5c on the day.

Paddy Power announced Patrick Kennedy would become the next CEO of the company with the share price jumping 5c to €13.80.