Market gains slowed by profit-taking

THE ISEQ index ended the day up 15.93 at 3,273.62 having been weak up to mid-afternoon.

Profit takers were to the fore throughout the day before buyers steadied the ship.

In the financial sector all eyes are on tomorrow when the Minister for Finance will introduce the NAMA legislation and outline the key financial details of the plan. AIB gained 1.9c to €2.60, Bank of Ireland added 13c to €2.84, while Irish Life & Permanent progressed 13.6c to €5.61.

In the construction sector, index heavyweight CRH moved up 23c to €18.73, Kingspan tacked on 7.5c to €6.24, while Grafton Group weakened 12c to €3.62.

In other news, C&C declined 7c to €2.78, Ryanair shed 11c to €3.43, Glanbia lost 9c to €2.86, Paddy Power decreased 15c to €19.55 while Elan added 4.6c to close at €5.22.


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