Market rises on positive US data

THE ISEQ index closed up 42.19 points at 2,814.55 yesterday as more positive economic date flowed from the United States, the world’s largest economy.

The US Conference Board leading indicator flashed an end-of-recession signal as expected in May. The six-month rate of change turned positive.

In the financial sector, AIB improved 13c to €2. Bank of Ireland & Irish Life & Permanent dipped 4c and 14c to €1.76 and €3.04, while insurance group FBD jumped 20c to €7.27 on the day.

In construction, CRH jumped 68c to €18. Elsewhere, Kingspan lost 5c to €4.25 while Grafton Group added 1c to finish at €2.61.