Bullish market breaks 3,500 mark

The Iseq Index broke the 3,500-point mark for the first time since Apr 2010 yesterday morning, mirroring the positive mood across other European markets.

Positive Irish and global economic indicators were the main catalyst.

However, the afternoon saw some profit taking and indices retreated and the Iseq settled on 3,499.95 up 2.52 points.

It was a mixed day however for financial stocks; AIB was down 0.1c to 5.1c, Bank of Ireland gained 0.9c to 12.8c and Permanent TSB Group gained 0.2c to 2.6c.

Insurer FBD Holdings fell 0.11c to finish on €10.69.

It was a similar story in the construction sector where CRH shed 16.5c to €15.35, Kingspan added 4.6c to €8.65, while Grafton Group dipped slightly down 3.4c to €4.03.