AIB and BoI shares climb after return to trading

Trading in Irish bank shares returned today, bringing mixed news for the Irish financials.

Irish Life and Permanent endured a 59% slide, losing 24c to finish on 17c. By contrast, the two proposed ‘pillar’ banks prospered, with Allied Irish Banks up 2c, or 11%, to 21c and Bank of Ireland up a massive 41%, climbing 9c to 31c.

The ISEQ index of Irish shares gained 67.33 points overall to finish on 2.942.04.

Tullow Oil led the way, adding 85c to finish on 16.75. There were impressive gains also for Paddy Power (up 60c to 31.50), Kerry Group (up 52c to 26.72), CRH (up 32c to 16.50) and DCC (up 30c to 22.77).

There were some losses however, with Irish Continental losing 13c to 17.55 and Merrion Pharmacies down 15c to 2.10.