ISEQ rebounds from yesterday’s fall

The ISEQ index of Irish shares surged 114.89 points to 3,371.91 today after yesterday’s big falls.

The financial sector performed well. Irish Life and Permanent led the way, climbing 13c to €3.10. Bank of Ireland was up 3c to €1.71, and AIB inched up 2c to €1.46.

The construction sector also saw some impressive gains. CRH shot up €1.20 to €20.90, whilst Kingspan was 25c better off on €7.10.

There were some mixed results in the food and drink sector. Donegal Creameries lost 20c to €2.30, but both Kerry Group (up 49c to €23.89) and Glanbia (up 18c to €3.24) finished the day higher.

Both Dragon Oil and Irish Continental Group gained 18c to finish on €5.68 and €16.95 respectively. There were significant gains also for Paddy Power (up 53c to €26.39), C&C (up 24c to €3.44), Elan (up 19c to €5.09) and DCC (up 14c to €19.76).

Merrion Pharmacy bucked the trend, losing 20c to €3.80.