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Trades on stock exchange up 25pc in third quarter

Trading

Published 01/11/2011 | 05:00

THE number of trades done on the Irish Stock Exchange (ISE) rose by more than a quarter between July and September.

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The latest report from the ISE showed that equity trades executed on the exchange during the third quarter jumped 26.3pc to just over 684,000. That compared to 542,000 deals in the previous period and was up 11.7pc year on year. Turnover was up to €8.8bn.

Despite those gains, the market capitalisation of ISEQ companies rose nearly 30pc to €65.8bn -- returns on the index continued to fall. The General Index dropped 9.6pc during the first nine months of the year and the Small Cap Index had the best performance with a negative return of 9.1pc.

Turnover in government securities was more than double the second quarter turnover at €23.1bn. Daily turnover rose by a similar percentage to €351m. The market cap of Irish Government Bonds and Treasury Bills to September stood at €80.3bn, up 7.3pc year on year.

"The impact of challenging conditions in capital markets continues to affect the level of fund and debt securities admitted to listing on the ISE's markets in 2011," the exchange said.

Irish Independent

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