Market claws back lost ground

The Irish market regained some of Thursday’s losses yesterday.

Again this followed the trend seen across all major European bourses. The Spanish government announced a €27bn deficit reduction package to try to convince the EU and markets in general that it will not require a bailout. The ISEQ index gained 21.67 points to finish the week at 3,254.81.

Financial stocks had a broadly negative day as AIB shed 0.2c to close at 8.9c while Bank of Ireland and Irish Life and Permanent remained steady at 12.4c and 4.3c.