ISEQ index moves forward strongly

THE ISEQ index moved forward strongly again in morning trading as the market continued to react positively to the Irish Government’s decision to back the country’s main banks and as the US legislators got closer to finalising their own bailout package.

The Dublin market ended the day up 181.65 points at 3822.94.

Bank stocks surged for a third consecutive day with AIB and Bank of Ireland moving on 66.9c and 31.7c to €6.669 and 4.617. Irish Life and Permanent gained 54.1c to €6.05, while Anglo-Irish continued to be the best performer adding 88.9c to €5.039.

Construction stocks had a good day with CRH tacking on 9c to €14.99. Kingspan and Grafton Group were both in positive territory, 28.5c and 8c up at €6.737 and €3.38.

United Drug made progress, adding 16c to 3.89.