Banking shares help ISEQ recovery continue

The ISEQ continued its upward rise today, climbing 37.11 to close at 6,476.12.

Banking shares surged in trading. Allied Irish Bank shares climbed 20c to €17.90 while Bank of Ireland shares climbed 27c to €13.07.

Anglo Irish Bank shares rose 11c to €9.96 while Irish Life & Permanent shares rose 20c to €14.60.

Meanwhile shares in Greencore slipped 7c to €3.45. Greencore announced the appointment of two new board members today.

Food giant Glanbia climbed 3c to €2.75 today. The company's new food innovation centre was opened in Co Kilkenny today.

Shares in Ryanair climbed 13c to €6.59 today. Ryanair revealed today it emerged as number-one for punctuality ahead of the major US airlines in April 2005 based on a comparison with the latest punctuality statistics issued by the US Department of Transport.

The biggest winner of the day was ICON, which saw shares leap €2.41 to €27.71.

The most traded shares today were AIB, Bank of Ireland, Anglo Irish Bank, CRH and Ryanair.