Market rises after Greek election

The ISEQ Index gained 2.56 points yesterday to close at 3,072.14.

Investors welcomed the result of Sunday’s rerun Greek election.

A narrow election victory by pro-bailout parties over radical leftists eased concerns the debt-laden country could leave the eurozone.

The G20 is set to meet in Mexico today where it is thought it will make new crisis- fighting loans to the IMF.

In the financial sector, Bank of Ireland Shareholders voted in favour of a deal to facilitate payment by the Government, of a €3.1bn promissory note for the former Anglo Irish Bank with a bond instead of cash. Shares in the bank closed down 0.2c to 9.2c. AIB fell 0.2c to 6.6c. Permanent TSB added 0.1c to 2.8c, while FBD Holdings slipped 0.2c to €8.10.

In the construction sector, CRH shed 6c to €14.05. Grafton advanced 0.5c to €2.75, while Kingspan gained 3c to €6.63.