Market’s rise bucks eurozone trend

It was a poor start to the week for markets across the eurozone with most closing lower on the back of weak Chinese figures and Friday’s rating agency’s downgrade of Italy.

The Iseq however, bucked this trend, boosted by better-than-expected revenue figures from Irish-Swiss firm Aryzta where revenues were up 8.2% on last year’s figures. That helped push the Iseq up 22.22 points to 3,847.62.

It was a good start to the financial sector with AIB and Bank of Ireland both registering gains. The former closed up 0.4c to 6.8c while the latter added 0.8c to finish on 15.7c. Permanent TSB was flat on 3.6c. Insurer FBD holdings gained 10.5c to finish on €12.50.


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