Irish market climbs marginally

The market gained 1.75 points yesterday to finish the week at 3,264.51.

This on the day after it was officially confirmed that the economy had technically fallen back into recession. Export growth continued. However, this was more than offset by falls in domestic spending.

The financials were mixed on the day as AIB was a laggard, shipping 0.8c to 9.5c. Bank of Ireland and Irish Life and Permanent gained, the former was 0.4c ahead at 13c while the latter tacked on 0.4c to 4.9c.

Constructions stocks were also mixed as CRH shed 29.5c to €15.73, Grafton Group followed suit losing 1c to €3.15. Kingspan was the only riser, tacking on 2.5c to €7.97.

Elsewhere, the Clonmel, Co Tipperary-based drinks company C&C added 2c to €3.87.


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