ISEQ sees modest change

Dublin's stock exchange saw a modest rise of 3.33 today to 5376.09 despite big rises from Abbey holdings and Elan.

In a busy day in the construction sector, Abbey holdings were the biggest riser as they saw their share price increase by 30 cents to €8.40 today.

However, busy trading only saw modest increases for CRH (up 4 cents) and Heiton (up 2 cents) to €17.05 and €6.69 respectively. It follows news that house price increases have slowed considerably so far this year, according to the latest Permanent tsb house price index.

The index showed house prices rose 3.8% in the first five months of this year, compared to 5.8% in the same period last year.

The financials were also busy today but failed to make any increase in their prices with all faling except for Bank of Ireland who were unchanged on €10.82. The AIB was the biggest faller going down 6 cents to €12.82 with Allied Irish Bank and Irish Life and Permanent close behind on 5 cents decreases to €12.43 and €12.45 respectively.

In the pharmaceutical sector, Elan recorded a significant rise of 35 cents to end the day on €19.45. Galen meanwhile were unchanged at €10.54 despite today announcing a name change to Warner Chilcott at an extraordinary general meeting held yesterday.