The Dublin market has bounced back, with most stocks recouping much of the week's earlier losses, buoyed by strong performances on Wall Street and in London.

The ISEQ index climbed by 5 per cent and sparked renewed investor activity, with more buyers in evidence in the market throughout the day.

The strong rally pushed most shares well ahead but still left the market down overall by 2 per cent off Friday's close. But hopes are high that the Dublin market may be able to bridge that gap over the coming days.

The financials put in the best performance, with Bank of Ireland making the most spectacular recovery, jumping 140p on the day to close at 848p. AIB was also better, putting on 35p to close at 570p sterling. Irish Permanent also gained ground, adding 40p to end the day at 650p, while Irish Life added 12 1/2p to end with 352 1/2p and Anglo Irish Bank climbed 5 1/2p to 109 1/2p.

CRH also enjoyed an improved run to add 34p to 810p, driven mainly on the back of good investor demand. Smurfit also fared better on the day but was held back somewhat by the failure of the US paper sector to rise on Wall Street. Smurfit still managed to go 19p better to 205p.

Food stocks had a mixed performance, despite renewed demand in the sector. Kerry added 40p going from 770p to 810p, Golden Vale gained 4p to close at 74p, Fyffes went 8p ahead and IAWS went 10p better to 250p, while Avonmore weakened 4 1/2p to 257 1/2p and Greencore dropped 9p to 307p.

The directors of the Marlborough recruitment group must have breathed a sigh of relief to see its shares get away at a premium yesterday. It began trading at a premium of 115p and managed to close at 112p, helped by the stronger term.

Dealers reported fairly good volumes returning to the Dublin market, with many of the overseas institutions searching for bargains. Some felt, though, that they may not have been that successful in picking up substantial stock but that their presence kept confidence high.

Other stocks on the move yesterday were Barlo, up a penny to 54p, Crean gained 10p to 130p, Heiton added 7p to 185p and Jurys moved up 30p to 410p, while Ryanair climbed from 290p to 325p on the day.