Market up on investor optimism

THE ISEQ index rose for the second consecutive day yesterday closing up 133.72 points at 2,914.74.

Investors are more optimistic that the billions that are being pumped in to the inter-bank lending markets by governments around the world will result in an end to the credit crisis.

France is to lend €10.5bn to the country’s top six banks before the end of the year to prop up their capital reserves. The main financial stocks had a positive day.