Market gains after early losses

THE Irish market rallied yesterday after initial losses in early trading to record a modest gain.

This movement was consistent with the trend seen throughout Europe with most bourses pushing on. The ISEQ index finished the day up 21.64 points at 3,331.65.

It was a good day for the financials as all three major sector constituents managed to advance. AIB and Bank of Ireland crept forward 0.3c and 4c to close at €3.24 and €3.08. Irish Life and Permanent tacked on a healthy 34c to €5.89.

It was also a good day for the construction stocks with CRH managing to recover early losses to end up 3.4c in positive territory at €18.8.


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