Market rallies after 12-month low

ALTHOUGH the ISEQ bowed out for the week with a near 1% dip yesterday, throughout July the Irish market has maintained the strong recovery item barked on in the second quarter of the year, after hitting a 12-month low in early March.

The ISEQ closed at just over 2,800 points yesterday – Friday’s daily fall being “only” by 25 points. This means it has added nearly 1,000 points since March 10 and recovered more than €10 billion in overall value since that time.

On that day in March, the combined value of Irish-listed shares was just under €29bn and the ISEQ closed at a 12-month low of 1,880.36 points. This day last year it was at a high of 4,975 points with a combined share value of €65.6bn. At the beginning of this year, the ISEQ’s combined value was just over €33bn.