Market shows strong recovery

The ISEQ added 37.77 to 9,376.10. The financial sector saw AIB and Bank of Ireland lose ground shedding 7c and 5c to €22.38 and €17.25.

Anglo-Irish advanced 23c to €15.73 despite rumours that it could be exposed to the tune of €30m due to the liquidation of the Little-Chef chain in Britain. CRH lost 3c to €31.51, while Kingspan and Grafton tacked on 29c and 13c to €20.15 and €12.63.

Elsewhere, shares in Paddy Power soared 60c to €16on the back of favourable sports results. Ryanair gained 18c to €11.01 as oil prices sank below $54 to an 18-month low.