Welcome rise for ISEQ

The Irish Stock Exchange was in buoyant mood today despite the dismal ESRI projections and worsening unemployment figures.

The Irish Stock Exchange was in buoyant mood today despite the dismal ESRI projections and worsening unemployment figures.

This rise was led by the financials, which were all up by at least 6%. Allied Irish Bank and Bank of Ireland both grew by 5c to finish on 81c and 66c respectively. Irish Life & Permanent showed the most impressive gain however, jumping 12c to €1.87.

CRH enjoyed the biggest gain of the day, rising €1.09 to €18.57. Elsewhere in the construction sector, Kingspan grew 22c or €3.78.

The food and drink sector also fared well, with Kerry Group leading the way, up 75c to €15.10. Glanbia finished 15c higher on €2.34.

Tullow Oil (up 39c to €8.90), Ryanair (up 18c to €3.30) and Elan (up 11c to €4.47) were the other big gainers.

It was not all good news however. Irish Continental Group plunged €3.15 to €10.10. Icon was 50c worse off on €11.80. FBD (down 28c to €5.90) and DCC (down 16c to €12.91) have also had better days.

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