Irish stocks buoyed by global market recovery

A number of Irish stocks felt the benefit as global markets rallied yesterday and investors weighed back in on the back of easing tensions between the US and North Korea.

Dublin’s Iseq index gained 1.4% yesterday, closing 92 points higher than its Friday close, at 6,673. This was driven by solid gains from the likes of paper and packaging group Smurfit Kappa, financial services company IFG, and drinks group C&C.

Building materials giant CRH saw a 1.61% gain, while Ryanair rose 2.3% and specialist building materials company Kingspan which is set to publish interim results later this week jumped over 2.8%.