Markets boosted by Facebook

World markets were buzzing yesterday as Facebook shares finally became available for public trading.

The stock opened at around $42 and fluctuated between $38 and $42.

European stocks failed to advance and were off across the board. The ISEQ index fell 11.75 points to 3,014.26.

The financial were mixed as AIB advanced 0.3c to 7.3c. Bank of Ireland and Irish Life & Permanent both weakened, the former dropped 0.1c to 8.3c and the latter lost 0.3c to 3c. FBD Holdings, the Irish insurer, softened 6.8c to €8.05.

Construction stocks also rise, with CRH adding 29c to €13.73.

Elsewhere, Grafton Group and Kingspan both lost ground, down 5.9c and 7c to €3.05 and €7.25 respectively. Shares in Paddy Power increased 1.75% or 85.5c to €49.35.


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