Dublin report:After a bad spell, the markets attempted a gradual recovery yesterday, with the Iseq index climbing 0.77 per cent.
AIB was the best of the banks, rising by more than 2 per cent to finish on €21.12. Anglo Irish Bank, which publishes its results tomorrow, finished up 13 cent at €14.37, while Bank of Ireland closed up 11 cent at €16.16.
It was a good day for Paddy Power, which climbed 49 cent, or 3.16 per cent, to €15.99 as the market reacted to the news that bookmakers are planning on introducing fixed-odds roulette betting terminals in shops (although Paddy Power is not involved in the plan).
United Drug had a busy day, with volume of 2.5 million between Dublin and London, and the shares closed up seven cent at €3.52 - a jump of more than 2 per cent.
There was a large trade in Independent News & Media, with a block of about 10.5 million shares sold at €2.71. It finished the day at €2.73, down four cent.
There was relatively low volume in IAWS given the food and agribusiness company held its annual general meeting, but the stock still rose 2.05 per cent, adding 38 cent to close at €18.88.
Drinks group C&C was the victim of profit-taking and fell four cent to €11.40, while Greencore fell eight cent to €4.10, a drop of 1.91 per cent, ahead of its full-year results today.
It was a better day for CRH, which has significant exposure in the US and suffered last week as a result of the weakening dollar and slowing US construction activity. It finished up 25 cent at €28.15. NCB Stockbrokers yesterday listed CRH as one of the top five Irish stocks with the greatest sensitivity in terms of reported earnings to a 10 per cent fall in the dollar. The others are Glanbia, Icon and Kerry - all of which fell yesterday - and IAWS.
