ISEQ recovers lost ground after €3bn dip

A DEGREE of confidence amongst investors was evident yesterday, as Dublin’s ISEQ share index managed to claw back some pride following Wednesday’s €3 billion write-off.

Tellingly, each of the main financial stocks – AIB, Bank of Ireland and Irish Life & Permanent (IL&P) – showed significant signs of recovery.

On a wider basis, the ISEQ climbed by 2.73% to 2,937 points; after its 6.5% drop on Wednesday, which had dragged it down to a two-month low. The overall rise yesterday also marked the first day this week that the ISEQ actually managed to close on a positive note.