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AIB shares rise more than 2% in Dublin on second day of trading

Permanent TSB shares also rose but Bank of Ireland finished lower

AIB shares traded up more than 2 per cent on its second day of conditional trading in Dublin since its IPO last week.

Mon Jun 26 2017 - 18:35

Shares in Irish bank AIB closed up 2.15 per cent in Dublin yesterday at €4.75 on what was the second day of conditional trading in the stock since its initial public offering late last week.

This gave the Irish bank, which remains majority State owned, a market capitalisation of just under €12.9 billion.

AIB’s shares are due to be formally admitted to trading on the main markets in Dublin and London on Tuesday. Previously, the bank had been listed on the secondary ESM market in Dublin with only a minimal free float.

It was a mixed day for the two other Irish bank stocks on Monday. Shares in Bank of Ireland, which is 14 per cent State owned, declined by 1.3 per cent to 22.4 cent, while Permanent TSB, which is 75 per cent owned by taxpayers, finished up 1.3 per cent at €2.84.

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Separately, AIB announced on Monday that it would publish its half-year trading results on July 27th.

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