Fri 09 Sep 2007Solid showing by banks propels marketDublin report:The market powered ahead yesterday,
closing 2.3 per cent stronger on the back of a solid session for
the banks.The best performance in the sector came from Bank of Ireland,
which powered ahead by 56 cent or 4.65 per cent to end at
€12.60. A late flurry also cemented gains for AIB, Anglo
Irish Bank and Irish Life & Permanent (IL&P). AIB closed 63
cent or 3.94 per cent stronger on €16.63 while Anglo Irish
Bank, gained 3.17 per cent, or 39 cent, to close at €12.70.
IL&P rose by 68 cent to €15.30. Two brokers - NCB and
Merrion - issued notes suggesting buying opportunities in the
financials yesterday.