Irish stock exchange trades bounce
Published 18/04/2013 | 04:20
Trading on the Irish Stock Exchange rocketed in the first three months of this year as the Dublin market reaped the benefits of loose monetary policy around the world.
According to stats released by the exchange, trading levels on the bourse jumped 24% year on year to some 786,000 in the three months to the end of March. That was more than 40% more than the number of trades executed in the last three months of 2012.
The benchmark ISEQ Overall Index has rebounded strongly in 2013, and is up 16.5% on the year so far. That rate of return has been one of the best in the developed world, pacing most major markets except for Japan's Nikkei 225 Index.
The ISEQ's first quarter return was its best since 1998, while the ISEQ20 index of the top 20 companies on the market gained 17.2% in the period.