Move to limit bad debt exposure does not shake stock market

THE moves by the Government yesterday to limit taxpayers’ exposure to property bad debts in the Irish banks had little impact on market sentiment.

While this could be seen as a negative the shares in the major banks at the centre of the NAMA debate, Bank of Ireland and AIB, both recorded gains in a day that saw the ISEQ 100 share index rise a very modest 0.4% yesterday.

AIB rose 1.34% yesterday to close up 3c at €2.34 while Bank of Ireland moved ahead even stronger gaining 10.63% or 24c to close at €2.46.