Market rebounds as concern eases

The ISEQ index rebounded from Wednesday’s losses, climbing 56.50 points to 3195.8 in line with European bourses as the ECB took steps to calm markets amid concern regarding Spain’s increased cost of borrowing.

In the financial sector, Bank of Ireland added 0.2c to 10.8c, AIB slipped 0.3c to 7.1c, while Irish Life & Permanent dropped 0.2c to 2.6c. Insurance group FBD Holdings was 14.7c weaker at 8.65.

Construction stocks were generally higher with sector leader CRH jumping 48c to 15.29. Kingspan gained 20c to 7.575, while Grafton Group saw a rise of 7c to 3.15.