The Irish stock exchange played "catch up" with gains made on international markets after being closed for trading on Monday's bank holiday and closed up at 2818.03.
Brokers highlighted the impressive performance of the Iseq was largely driven by this "catch up" effect and the solid performance of cyclical stocks.
The Iseq's largest component CRH was a key performer rising 6.02 per cent to close at €17.60. One broker said the stock was feeding off improved sentiment gained from positive economic data coming out of the US.
Kingspan Group also benefited from the trend of people chasing money in this sector by jumping 11.23 per cent to close at €5.15. Grafton Group also followed suit rising 15.05 per cent to finish the days trading at €3.21.
Smurfit Kappa also attracted healthy volumes of trading closing at €4.14, a rise of 3.47 per cent. Brokers pointed to the same "catch up" cycle affecting financial stocks, which produced a stellar performance with Allied Irish Banks leading the day closing at €1.598, a massive spike of 18.37 per cent.
Bank of Ireland also attracted buyer interest rising 4.41 per cent to close at €1.775. Irish Life and Permanent lagged the other Irish financials but still reached a healthy €3.503, a rise of 3.95 per cent.
Ryanair lagged the market after announcing a full-year operating loss of €169 million and writing down the value of its Aer Lingus stake. The no-frills airline closed down at €3.536, a dip of 2.59 per cent.
In contrast, Aer Lingus jumped 9.23 per cent to finish the day at €0.71. Kerry Group had a muted day in the markets closing down at €16.65 while Elan Corporation also followed this path dropping 0.47 per cent to finish at €5.275. Dragon Oil also failed to make major gains falling to close at €3.58.