Good start for Iseq post-bailout

The Iseq Index got off to a good start in its first day’s trading yesterday following Ireland’s successful exit from the EU/IMF bailout programme.

The Index of Irish shares finished the session up 41.24 points to 4,376.84.

In the financials insurer FBD Holdings drifted back by just 5c to €17.20. RSA revealed on Friday that reserves needed to be strengthened by a further £130m relating to bodily injury strengthening in motor and liability lines.

Meanwhile Bank of Ireland dropped 0.1c to 26.2c. In construction, CRH advanced 79c to €17.64 with Kingspan also ahead by 22c to €12.37 on the day.

Elsewhere, Independent News & Media drifted back by 0.7c to 11.3c after announcing the results of its Open Offer.