Market rises in line with peers

THE ISEQ progressed a further 49.13 points to 2,782.20 in line with other European and world bourses yesterday.

Short-term financing costs for eurozone struggler Spain more than halved yesterday, following a successful bond auction. In the US, markets were further buoyed, with data showing domestic home building jumped last month to the highest level in almost two years.

In the financial sector, Bank of Ireland added 0.6c to 8.1c. AIB gained 0.4c to 7.9c. Irish Life & Permanent increased 0.8c to 3c, while insurance group FBD Holdings fell 25c to €6.50.

In the construction sector, CRH gained 23c to €14.03. Grafton Group added 3c to €2.34, while Kingspan remained at €6.10.

In other news, DCC has acquired Swea, the leading distributor of heating oils and transport fuels to domestic, commercial and industrial customers in Sweden. The initial cash consideration is €22.7m on a debt-free, cash-free basis. The shares closed 20c stronger at €18.50.