Market rises but peers decline

European markets closed down for the most part yesterday.

However, the Iseq managed to buck the trend by adding 9.62 points to end the week at 3,241.73. Sentiment from US Q3 earnings season was positive as JP Morgan announced results which easily surpassed analysts’ expectations, while consumer sentiment was also at a five-year high in October.

Irish financials were relatively steady as AIB and Permanent TSB Group closed at the level they had the previous day. AIB finished at 5.5c, while Permanent TSB Group closed at 2.6c. Bank of Ireland slipped 0.1c to 9.4c.

Shares in the construction sector were also off. CRH dropped 19c to €13.86. Grafton Group and Kingspan followed the trend, losing 3c and 0.9c to €3.47 and €8.06 .

In other news, Clonmel drinks manufacturer C&C Group added 5c to €3.80 ahead of next week’s results.