Market rebounds from slump

THE ISEQ index rebounded somewhat from Friday’s slump. The Irish Exchange climbed 20.14 points to 7781.83.

The financial sector finished 24.34 points stronger overall. AIB was relatively flat easing back just 5c to €20.15. Bank of Ireland gained 8c to €14.80 while in the second line Anglo-Irish added 10c to €12.05 and Irish Life & Permanent gave up 4c to €19.

In construction, CRH jumped 30c to €25.65 after confirming its US subsidiary has bought Ashland Paving and Construction for €1.3 billion in its biggest acquisition to date. Meanwhile Grafton dropped just 1c to €10.35 with Kingspan climbing 3c to €14.13.

Elsewhere, budget carrier Ryanair gave up 8c to close at €7.08. IAWS shed 24c to €15, C&C lost 10c while pharmaceutical company Elan jumped 16c to €11.60.