Market breaks through 4,000 points

World shares extended gains yesterday as a good start to the US earnings season added to last week's strong jobs data.

Market breaks through 4,000 points

The Iseq advanced a further 29.07 points to close at 4,051.05.

In the financial sector Bank of Ireland gained 0.2c to €0.168 after it won regulatory approval to hold on to its insurance unit, New Ireland Assurance Company. However, it will be required to sell other units and is banned from paying dividends beyond 2015 under an amended restructuring plan. AIB dropped 0.4c to 5.5c while Permanent TSB added 0,1c to 3c. Insurance Group FBD Holdings advanced 15c to €15.25.

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