Irish shares rose by a 33.6% average in 2013 and the overall ISEQ index returned to early February 1998 levels.
The ISEQ Overall Index closed up 17.25 points on Tuesday at 4,539.43 compared with 3,396.67 at end 2012 when the index rose 17% in the year and 0.6% in 2011.
The index closed at 4,053.80 on December 31, 1997 and was at 4,545.04 on February 09, 1998.
The Irish performance in 2013 compared with a rise of 29% in Finland's OMX 25 and Greece's ATHEX Composite's climb of 28% while the pan-European Stoxx 600 index gained 17% in 2013.
In global terms, Ireland's performance was also impressive in dollar terms - - further details available here on Europe and the rest of the world in 2013:
On the downside, the Irish Stock Exchange is sinking and in 2013 Elan, the once 20th most valuable listed drugs company in the world, which had been reduced to a shell in recent years, was sold off to Perrigo, a US firm that had built its business as a white goods supplier of cold remedies to retailers such as Wal Mart.
Perrigo acquires Elan's tax residency by moving its headquarters to Dublin.
There were 5 IPOs (initial public offerings) on the exchange in 2013 and in Budget 2014, Michael Noonan, finance minister, announced that the transfer of shares listed on the Enterprise Securities Market (smaller growth companies) of Irish Stock Exchange would be exempt from stamp duty:
Eleven companies account for 91% of the ISEQ index with a market valuation of €62bn, headed by CRH at €13bn, which has its primary listing in London.
Ryanair and Kerry Group followed with market capitalisations on Tuesday at €9bn each.
The total value of food and drinks companies on the exchange is €20bn compared with the closing market value of Nestlé of Switzerland yesterday at €172bn.
CRH shares rose 19% in 2013; Ryanair climbed 32% compared with Aer Lingus' rise of 16%; Kerry Group gained 27%; Paddy Power's share price fell 50 cent in the year to €62; Bank of Ireland added 121%; Aryzta advanced 45%; Glanbia rose 35%.
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