Market continues steady advance

THE ISEQ index continued to gain ground yesterday in line with most European indices. This followed news that large US lender CIT Group had secured a US tax laws €3bn rescue package which would help keep it out of bankruptcy.

The Irish market ended the day 39.26 points higher at 2,740.19.

The financial sector had mixed fortunes with AIB adding 2c to €1.73 and Bank of Ireland declining by 1c to €1.65. Irish Life & Permanent gained 6c to €2.90, while insurance company FBD Holdings lost 26c to €6.15.