Market virtually static on EFSF news

THE ISEQ index improved 1.80 points to close at 2,609.99 yesterday.

The European Financial Stability Facility (EFSF), the eurozone bailout fund, has confirmed that it is postponing its plan to sell €3bn of Irish government bonds. A spokesman for the EFSF said that the move would be delayed due to market conditions in the wake of the shock Greek referendum announcement.

In the financial sector, Bank of Ireland dipped 0.1c to 9.3c. AIB increased 0.3c to 9.5c. Irish Life & Permanent gained 0.3c to 3.3c, while insurance group FBD Holdings slipped 5c to €6.20.