The Iseq index edged slightly higher yesterday, to close 17.63 points at 3,135.98. Continued political turmoil in Greece pulled markets lower, as the possibility of a Greek exit from the euro mounted. Unemployment in Greece hit a record high in February.
In the financial sector, Bank of Ireland added 0.1c to 9.8c. AIB gained 0.1c to 7.4c. Irish Life & Permanent fell 0.1c to 3.4c, while insurance group FBD Holdings fell 45c to 8.30.
In the construction sector, Grafton has reported that sales rose 5.3% in the first four months of the year, reflecting favourable currency movements, subdued volumes in Britain, and a difficult macro-backdrop in Ireland. Shares in the group fell 2.9c to €3.17. Shares in Kingspan rose 12c to €7.45 after management issued a trading statement for the first four months reporting that group sales increased by 8%.
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