Market gains on capital injection

Irish shares made modest gains on the day that the ECB announced that it had allotted over €529bn to 800 European banks.

This figure was slightly ahead of market consensus and brings the total amount allotted to over €1 trillion. The ISEQ index gained 27.06 points to close at 3,208.32.

Following the trend, Irish banks were mixed on the day. AIB added 0.4c to 12.7c, while Bank of Ireland remained steady at 13.5c and IL&P lost 0.5c to 4.3c. Insurer FBD Holdings gave up some of the previous day’s gains to close down 8.5c at €8.56.

The construction sector was equally mixed as CRH tacked on 25c to finish at €16.04. Kingspan shed 3c to €8.10, while Grafton Group was at €3.42.


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