ISEQ recovery nears 3,000

THE ISEQ continued its solid start to the week with another 1% rise, pushing the market back up towards the 3,000 point, a psychological marker it has not breached since May 2011.

Yesterday’s rise was driven by strong gains for traditional heavy-hitters such as Aryzta, Kerry Group, Smurfit Kappa Group and CRH, while healthcare services firm ICON, drinks group C&C and insurance specialist FBD also had a decent day. Exploration company Providence Resources, support services group DCC and bookies Paddy Power all suffered double digit falls.

In all, the ISEQ followed jumped 47 points, a 1.6% gain, to 2,979 points.