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Markets.
(From Irish Independent)
IRISH stocks yesterday rose for a second session, propelled upwardsyet again by Elan.
The ISEQ rose 49.64 points, or 0.9pc, to reach 5,407.12 in a session which saw 22stocks rise, 13 fall and 17 remain unchanged.
Drugs maker Elan surged 50c, or 2.7pc, to hit [euro]18.80.
At one point, the stock - which saw heavy trading - was 65c ahead but this had slipped back by the close. Elan was boosted recently by Moody's upgrading its outlook on Elan's debt to "positive" from "stable".
Banking stocks also did well.
AIB gained 17c, or 1.4pc, to close at [euro]12.48. New York-based M&T Bank, in which Allied Irish has a 22.5pc stake, revealed first-quarter results that were slightly below marketexpectations yesterday.
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