Market up on investor optimism

THE ISEQ index rose for the second consecutive day yesterday closing up 133.72 points at 2,914.74.

Investors are more optimistic that the billions that are being pumped in to the inter-bank lending markets by governments around the world will result in an end to the credit crisis.

France is to lend €10.5bn to the country’s top six banks before the end of the year to prop up their capital reserves. The main financial stocks had a positive day.

AIB progressed a further 31c to €3.72, Bank of Ireland added 9c to €1.92, Anglo Irish Bank moved up 4c to €2.07, Irish Life & Permanent increased 16c to €3.85 while FBD Holdings gained 75c to €12.25.

In the construction sector, CRH jumped €1.30 to €15.80, Kingspan fell 19c to €4.72 while Grafton added 10c to €2.33.


Last week, I wrote about 'small is beautiful' as a key to an improved environment for all living things after this Covid crisis is finally over. As I wrote, I saw, in the mind's eye, the village where I live in west Cork and from which my wife and I are temporarily exiled.Damien Enright: Community spirit can ensure we pull through - together

Fifty years ago, a fox was spotted in Dublin’s St. Stephen’s Green. The unfortunate animal was chased by local ‘gurriers’. It took refuge in a tree but was promptly stoned to death.Richard Collins: Wildlife taking back the streets of our cities

The north pier on Cape Clear has been eerily quiet these last few months as no visitors disembark. The ferry is not unloading boatloads of tourists from Baltimore, 45 minutes away, or from Schull, as it would normally.The Islands of Ireland: Cape Clear tells its side of the story

If the Donegal postman and amateur weather forecaster has it right, we could be in for water shortages in the coming months. Michael Gallagher, who predicted the scorching summer of 2018 and the 2010 freeze-up, says we’ll have a ‘lovely’ summer.Donal Hickey: Demand for water to soar

More From The Irish Examiner