Financials lead market fightback

FOLLOWING eight straight days in the red and a week of carnage on the Dublin market, the dark clouds finally lifted yesterday as the ISEQ index rallied, adding 281.51 to 6,624.09.

The fightback was led by a very strong performance from the financials. AIB and Bank of Ireland climbed an impressive 89c and 87c to €13.84 and €9.77 to top the list of leading movers. Anglo-Irish followed suit tacking on 45.9c to €9.38 and Irish life and Permanent continued the trend adding 53.7c to €11.80.

In construction, CRH jumped 55c to €22.95 and Kingspan was 44.7c up at €13.30. Grafton Group moved on 21.4c to €6.15.