|
|
Article: Frantic week ends as banks weigh heavily on Iseq
- Article from:
- The Irish Times
- Article date:
- October 31, 2009
- Author:
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
|
DUBLIN REPORT: Iseq: 2,866.69 (-70.43) Settlement date: November
4th THE IRISH stock market finished a lively week on a negative
note, with the Iseq closing down 2.7 per cent yesterday following a
choppy session for the main financial stocks.
Bank shares jumped sharply early on, however, the surge failed to
last and both AIB and Bank of Ireland finished the day down - on
the back of what one trader described as "the mother of all
reversals".
Following news that the National Asset Management Agency (Nama)
legislation had passed committee stage, Bank of Ireland shares
gained almost 15 per cent, rising to over [euro]2. AIB shares
followed a similar pattern, jumping [euro]0.12 to [euro]2.07.
...