ISEQ powers ahead rising 73 points

THE Dublin market powered ahead for the fourth day running as bank stocks made considerable ground. The ISEQ index rose 73.41 points to 2,524.74.

News emerged yesterday that a second plan for the possible recapitalisation of Irish banks is also being considered, an alternative group of investors were believed to be lining up a co-investment scheme along with the Irish Government. AIB and Bank of Ireland saw double digit percentage gains adding 37c and 13c to €2.77 and €1.51. Anglo-Irish tacked on 5c to 93c while Irish Life and Permanent jumped 27.5c to €1.635.

In construction, CRH were up 5c to €17.10. Kingspan and Grafton Group fell back losing 8c and 4c respectively to €3.25 and €2.35.