ISEQ boosted by gains in AIB, Ryanair

The ISEQ in Dublin closed up 40 points to 5263, with gains in AIB and Ryanair.

AIB closed up 30c to €12.30, despite yesterday's news of its €14m overcharging of some customers on foreign exchange transactions due to a software error.

BOI also gained, closing up 11c to €10.14. Irish L&P slipped 5c to €12.95 and Anglo closed down 26c, or nearly 2%, to €13.20, despite broker upgrades earlier in the week on the back of a positive trading statement.

The biggest percentage mover of the day was toolmakers Oglesby & Butler, which added 21% closing up 7c to €0.40.

Ryanair recovered from losses yesterday, adding 12c to €4.48. The low-cost airline announced yesterday a 45% increases in passengers in April compared to the same month last year.

The construction sector was down with CRH closing down 1c to €17.68 and Grafton was 7c to the bad at €6.16 ahead of results out next Tuesday. Mc Inerney moved down 2c to €4.91.

Elsewhere Greencore closed up 4c to €3.04 and Jurys closed up 17c to €10.02.

On Wall Street the Dow Jones is currently trading down 23 points to 10218, after a report showing strong jobs growth in April stoked fears of an earlier than expected interest rate hike by the Federal Reserve.

The technology- laden Nasdaq is currently up 10 points at 1948.