Market up as bond yields drop

THE ISEQ index gained 18.13 points yesterday to close at 2,726.40. Bond yields dropped sharply, as the ECB continued its bond-buying programme, aiding the recovery of peripheral markets.

In Ireland, seasonally adjusted GDP figures for the third quarter were down 1.9% and GNP fell 2.2%, compared with the previous three months.

In the financial sector, Bank of Ireland dropped 0.2c to 7.8c. AIB slipped 0.4c to 6.6c. Irish Life & Permanent lost 0.3c to 2.2c, while insurance group FBD Holdings was unchanged at €6.35.