Market recoups recent losses

THE ISEQ recovered some of its recent losses with a gain of 21.74 points to 2,886.63 yesterday in line with other European and world bourses.

The euro moved higher while stocks rebounded as expectations that a solution for beleaguered Greece may be agreed upon by eurozone policymakers. Peripheral bond spreads over benchmark German bunds narrowed while Greek five-year credit default swaps also fell.

In the financial sector, Bank of Ireland added 0.4c to 12.5c. AIB improved 0.8c to 15.8c. Irish Life & Permanent dropped 0.5c to 6.5c, while insurance company FBD Holdings was 10.1c stronger at €7.30.