Thursday, July 19 17:51:23
The Dublin stock market staged a late rally today with the ISEQ Overall Index reaching 3238.10 for a gain of 21.14 points after being less than seven points up at lunchtime. Strong equity prices in the US where techie results were good and in Europe where Nokia boosted sentiment, sent prices in Dublin higher. Corporate news reaching the market included extra flights from Aer Lingus out of Belfast and speculation that CRH would buy some large cement plants in India. CRH was down 11c to E15.35 while Ryanair was up 4c to 4.12 on the day after it formally launched its cash bid for Aer Lingus (which itself closed at E1.08 or 22c below the Ryanair cash offer). DCC was 64c up at E19.54 while Elan was up 13c to E13.88. Paddy Power was 18c up at E54.13 a complete reversal of its earlier fall. Dragon Oil added 25c to E7.44.