The Dublin market was back in positive territory today, boosted by a strong performance by financial stocks and positive responses to corporate newsflow.
Packaging group Smurfit Kappa put in one of the best performances of the day, despite reporting a sharp slip in third quarter profits. Continuing its good run of form of recent days, the stock gained more than 4 per cent to close at €6.20.
Dublin-based investment group TVC Holdings climbed almost 5 per cent to 64 cent on the back of a strong trading statement issued earlier today.
Meanwhile minnow stock CPL Resources bounced more than 8 per cent, almost 18 cent, to just under €2.30 on the strength of a positive trading statement released by the recruitment firm at its agm on Monday.
Bank of Ireland was one of the busiest stocks today. After hitting a daily high of €1.95, it settled back to finish at €1.90, a gain on the day of over 2 per cent. Allied Irish Bank moved ahead by more than 6 per cent, closing at just under €1.97.
Strong first-half results released on Tuesday by Norkom led to heavy trading in the Dublin-based security software firm today. Over a million shares changed hands in this IEX-listed stock, but it finished the day flat at €1.20.
The Iseq added about one-third of a per cent to 2,959.36, slightly underperforming its European peers. Across Europe, Britain's FTSE 100 index, Germany's DAX and France's CAC 40 rose 0.7 to 1 per cent.
(Additional reporting - Reuters)
