Market ends the week on high note

The ISEQ jumped 60.28 points yesterday to end the week at 3,038.21.

Markets throughout Europe rallied on the back of comments by the president of the European Central Bank Jean Claude Trichet. He said that while latest data suggest that contraction in economic activity has come to an end, the recovery is expected to be uneven.

In the financial sector, the main stocks had relatively quiet day. AIB progressed 9c to €2.42, Bank of Ireland gained 7c to €2.37, Irish Life & Permanent dipped 10c to €4.80, while insurance group FBD Holdings jumped 22c to close at €7.27.

In the construction sector, CRH moved up 58c to €17.32, Kingspan added 5c to €5.85, while Grafton Group increased 12c to €3.72.

In other news, C&C enjoyed a fruitful day, jumping 18c to €2.60, Glanbia fell 4c to €2.78, Greencore added 5c to €1.57, Kerry Group was 13c stronger at €18.59 and Smurfit Kappa Group advanced 33c to €5.50.


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