ISEQ grows on back of first quarter gains announcement

The ISEQ index of Irish shares was up 113.48 points to 9531.72 today.

This came on the back of the announcement that the exchange reported strong growth in equity trading volumes in the first quarter of 2007.

With almost €48bn traded on the ISE, it has been a record quarter with the highest turnover in the Exchange’s history.

The value of shares traded on the Exchange, at €47.93bn, increased by 44% in Q1 from €33.39bn during the same period in 2006.

The average daily equity turnover on the Exchange in the first quarter of this year rose to €749m from a €522m average during 2006.

The average number of transactions per day in the quarter was 4,780 compared to 3,561 in 2006, a 34% increase.

The financial institutions have varying fortunes today. AIB were down €0.13 to €21.46, and Anglo were also down €0.06 to €15.86.

IL&P climbed €0.45 to €20.995 and Bank of Ireland grew €0.15 to €16.15.