Irish stocks react positively to US news and close up 2.7%

IRISH stocks continued their run of good fortune yesterday jumping more than 5% at one stage before closing up 2.7%.

Irish stocks react positively to US news and close up 2.7%
Wed, 15 Oct, 2008 - 01:00

The market reacted positively to news that the US government will spend up to $250 billion (€183bn) to buy shares in struggling banks in the latest effort to stem a global financial crisis.

But it was a mixed day for financial stocks with AIB and Anglo-Irish shedding 24c and 17c or 7% and 2% respectively to €3.20 and €2.12.

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