Market up as global shares falter

Global shares and oil prices faltered yesterday, as encouraging data from Britain and China was overshadowed by uncertainty over the US presidential election and economy.

US business investment showed signs of stalling in September, an indication that a possible sharp tightening in the federal budget already is weighing on the economy.

At home, the Iseq index in Dublin closed the day up a modest 0.9%, finishing at 3,240.

In percentage terms, Merrion Pharmaceuticals was the big winner, rising 16.67% to 28c. Bank of Ireland saw a very high trading volume and closed the day up 1.08% to 9c. There was also considerable trading in Ryanair shares, with the company’s price increasing 1.43% to €4.53.