Irish shares maintain growth path

THE ISEQ index of Irish shares nudged forward by another 10 points (0.33%), yesterday, to close at just under 3,100 and just about keep up its slow growth momentum from earlier in the week.

While it was a stagnant enough day for some of the traditionally big movers – DCC was down by 10c; CRH inched forward by 2c and C&C (ahead of today’s shareholder vote on the disposal of its spirits division) gained 1c – the banks had mixed fortunes.

AIB was up by 3c – or over 3% – to close at €1, on the back of ongoing speculation about the future of its Polish banking operations. Irish Life & Permanent (IL&P) also enjoyed a good day, its share price rising by 10c – or 5.6% – to reach a close of €1.83.