Calm before stress-test storm for Irish market

Independent.ie Thursday 31st March, 2011

IT was a case of "the calm before the storm" in the Dublin market yesterday as traders awaited for the results of the stress tests later today.The suspension of trading in Irish Life and Permanent a day after the lender lost nearly half of its value amid reports it may be effectively nationalised ensured the day's trading carried on as normal while dealers tried to ignore the elephant in the room.By the close of trading the ISEQ Overall Index stood at 2,886.64 -- a gain of 0.35pc or 9.98 points.With shares in IL&P suspended for 48 hours and Allied Irish Bank already 90pc state owned, attention turned to

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