Iseq rebounds on Draghi’s pledge

Shares in Dublin advanced 57.8 points to 3120.7 in line with most European bourses following ECB president Mario Draghi’s pledge to take whatever action is necessary to prevent a collapse of the eurozone.

In the financial sector banking stocks remained firm with AIB gaining 0.1c to 5c. Bank of Ireland was 0.8c ahead at 9.8c while Permanent TSB was unchanged at 2.2c.

In Construction, CRH jumped 9c to€14.75, Kingspan was 2.8c higher at €6.65 with Grafton Group ahead by 5.4c to €2.784.

Elsewhere DCC was a strong mover, climbing 90c to €19.80 as the company announced it has received provisional clearance from the Competition Commission in the UK for the acquisition of the Total assets.

Meanwhile drugs company United Drug added 1.1c to €2.11 after announcing it has acquired Pharmexx, the contract sales business of Celesio for a total consideration of €35m.