Market recoups losses as rising market tide lifts all shares

The Irish Stock Exchange more than regained Monday's losses of 2 per cent yesterday, rising just over 100 points or 2

The Irish Stock Exchange more than regained Monday's losses of 2 per cent yesterday, rising just over 100 points or 2.44 per cent on the rising tide of the international markets.

Jurys and Fyffes provided the news for the day on the back of their results. Fyffes reached an all time high of 135p, a rise of 14p after 13 deals, following its announcement of buoyant results on Monday.

Jurys also made good on yesterday's announcement of a 36 per cent increase in interim pre-tax profits, rising 30p to a record 470p, an increase of 6.8 per cent.

The main stocks also made good their recovery with the banks offsetting the losses of earlier this week. AIB was up 20p to 730p, Bank of Ireland went up 30p to 1120p after eight deals, and Anglo Irish rose to 150p from a previous sterling close equivalent to 139.7p. The other financials also made healthy showings - Irish Life was up 27p to 437p after nine deals and Irish Permanent was up 15p to 765p.

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Dealers said the recovery had outperformed the upturn in the Footsie, following the overnight stabilisation of Asian stocks, but that volumes were not especially great with a shortage of sellers leading to thin trading. Industials and building groups also made gains, with CRH up 27p to 867p and Smurfit rising to 13p to 206p. Abbey was up 10p to 300p while Heiton showed another strong return following last Thursday's results, rising a further 5p to 237p.

Crean was up 6p to 160p while Kingspan was up 10p to 260p.

Along with Fyffes, other food groups made gains, with Avonmore Waterford up 5p to 257p, and Kerry Group up 5p to 760p. Among the other secondliners, Arnotts continued its surge and rose 10p to 570p and Greencore was up 9p to 359p. Marlborough firmed 10p to 200p as it moves to acquire a another recruitment agency.