The value of shares traded on the Irish Stock Exchange grew by 17 per cent to €94.3 billion in the first nine months of this year, compared to the same period in 2005.
Reporting this morning, the ISE said the value of equities traded in quarter three exceeded €28.5 billion, representing an average daily turnover of €439 million.
The number of transactions on the exchange increased by 15 per cent for the nine months, compared to the same period in 2005, which the ISE said emphasised the underlying liquidity of the market. An average of 3,531 transactions per day were processed by the ISE, compared to 3,075 in the first three quarters of 2005.
Companies raised €1.56 billion in the third quarter of this year, bringing the total money raised this year to €2.71 billion. This includes €1.17 billion issued by Aer Lingus in the pre-allotment phase prior to its official flotation on October 2nd.
The ISE said the Irish market continued to perform strongly against global markets, with a 12 per cent increase in the ISEQ Overall Index in the nine-month period.
Four new companies joined the Irish Enterprise Exchange ('IEX') market which was launched in April, 2005. These include Amarin Corporation Plc, Petroceltic International Plc, Ardent Group Plc and Petroneft Resources Plc.