Tuesday 21 October 2014

Irish Stock Exchange trades rise by a third

Sarah Stack

Published 16/07/2014 | 02:30

The Irish Stock Exchange on Anglesea Street, in Dublin
The number of trades on the ISE rose by almost a third in the first half of the year
The number of trades on the ISE rose by almost a third in the first half of the year

The number of trades on the Irish Stock Exchange (ISE) rose by almost a third in the first half of the year.

There were 2.2 million equity trades in the first six months - up 32pc compared to the same period last year. They were valued at €31.8bn, a 7pc climb on the €29.8bn recorded in the first half of 2012. "The average daily turnover for equities stood at €256m per day," the ISE said.

Figures showed firms quoted on the ISE raised €980m. It included the Dalata Hotel Group and Mainstay Medical - both admitted to the Enterprise Securities Market - and a third REIT, Irish Residential Properties REIT, which was admitted to the Main Securities Market and collectively raised €865m.

Elsewhere, more than 23,500 debt instruments were listed by the end of June, up 8pc since January.

"The ISE now counts debt listings from 80 countries across the globe including Europe, the USA, Latin America, the Middle East and Africa," it added. Additional listing activity was evident across all debt product types in the first six months, with the ISE attracting listings from issuers based in countries including the UK, France, Slovenia, Slovakia, Chile, Saudi Arabia and the United Arab Emirates.

Ryanair, Scandinavian dairy co-operative Arla Foods, UK retailer Debenhams, UK-based charitable foundation The Wellcome Trust, French electrical goods retailer Darty and the Republic of Kenya were among the issuers to list debt.

"The number of funds and sub-funds listed on the ISE fell slightly, with the total number of funds standing at 763 at the end of June and the number of sub-funds at 1,495," the ISE added. The Iseq Overall index rose by 3.5pc to 4,700 during the first half of 2014.

Irish Independent

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