Banks mixed after change to rules
Published 25/11/2016 | 02:30
Irish banks had a mixed day after the Central Bank's loosening of mortgage rules on Wednesday.
Bank of Ireland closed unchanged at 21 cent after earlier rising more than 1.4pc, in contrast AIB ended the day up 6pc at €5.30, while shares in Permanent TSB ended the day down 2.79pc at €2.60 each.
European stockmarkets nudged higher yesterday, with stronger chemical and insurance equities off-setting weaker telecoms and utilities.
German bund futures pared gains as the European Central Bank was said to have room to delay some decisions on the future of its stimulus programme.
S&P 500 futures advanced, with American markets closed for the Thanksgiving holiday. Copper headed toward its best month in a decade, gold slipped and oil traded near $48 a barrel.
In Ireland, the ISEQ Overall Index gained 0.65pc to finish the session at 6,292.89.
CRH advanced 2.4pc to €31.90, while Ryanair fell 1.3pc to €14.08.
The UK's FTSE-100 ended the session 0.17pc higher. Germany's DAX was up 0.25pc and France's CAC-40 advanced 0.29pc.
National Grid, Vodafone, Irish firm DCC, Carnival, BT, Mediclinic and Johnson Matthey were among the top fallers, down between 0.6pc and 2.3pc, after their shares traded ex-dividends.
Babcock International shares fell 1.3pc after Liberum cut its target price to £9.60p from £10.50 However, gains recorded by some companies offset losses.
Direct Line Group rose 2.8pc, the top FTSE-100 gainer, after Morgan Stanley raised its rating on the stock to 'overweight' from 'equal-weight'. Domino's Pizza, rose more than 3pc on plans to add 1,600 new UK stores.
Additional reporting by Reuters