Positive morning for ISEQ

There was widespread gains on the Irish Stock Exchange by 11.53am today, with the ISEQ index up 70.90 points to 9559.90.

The only significant loss of the day came from Irish Life & Permanent, who plummeted by 38c to €19.12. The other financials fared better, particularly Anglo Irish Bank, jumping 27c to €16.77. There were also more modest gains for Allied Irish Bank (up 17c to €22.50) and Bank of Ireland (up 5c to €15.90).

The food and drink sector was also generally buoyant. C&C and IAWS both climbed 28c to €12.65 and €18.48 respectively. This follows today’s decision by IAWS to seek admission for its subsidiary Origin Enterprises on the IEX market. Kerry Group has also had a positive morning’s trading, jumping 30c to €22.40.

The building sector rebounded somewhat after some recent wobbles. Grafton Group climbed 30c to €11.30. CRH has also done well, improving 25c to €32.65.

Ryanair’s news of extra routes has not impressed the market too much, with the budget carrier inching up 3c to €6.13. Rival Aer Lingus was up 10c to €3.20.