Irish Economy
Ireland's ISEQ share index up 14.5% in 2014; Ryanair up 56.5%
By Michael Hennigan, Finfacts founder and editor
Jan 1, 2015 - 9:03 AM

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The ISEQ Overall Index fell from 9,408.1 at end 2006 to 6,934.3 at end 2007 and 2,343.3 at end 2008. Chart source: Goodbody 

Ireland's ISEQ share index rose 14.5% in 2014 following a 33.6% gain in 2013. Among the big cap issues Ryanair gained 56.5% and an impressive 197.4% in five years.

The overall ISEQ index on the Dublin market closed at 5,224.6 Thursday compared with 4,539.4 at end 2013.

Among 24 developed country markets tracked by Bloomberg, Denmark was the star with a rise of 21% while Greece was the worst performer. SEE here:

Argentina, China head 2014 share price index rises; Denmark best of developed countries

The Dublin market has just over 50 primary issues and excluding the State-owned Allied Irish Bank which has a small float but an anomalous market capitalisation of €41bn, 8 companies account for 78% of the market capitalisation of €83.3bn.

These are: CRH €14.7bn; Ryanair €13.7bn; Bank of Ireland €10.1bn; Kerry Group €10.0bn; ARYZTA AG €5.6bn; Smurfit Kappa €4.3bn; Glanbia €3.7bn and Paddy Power €3.3bn.

Nestlé of Switzerland, the world's biggest food and beverage company, closed Thursday with a valuation of €195.5bn after a share price rise of 11.7% in 2014.

Besides Ryanair, Aer Lingus rose 72.07% in the year and 244.7% in 5 years; Bank of Ireland gained 24.2% and is down 62.8% in 5 years; CRH rose 8.7% and it's 5 year rise is only 4.7%; Kerry Group added 13.0% and is up 177.4% in 5 years; Glanbia is up 12.8% and 339.4% in 5 years and Total Produce climbed 30.5% and 214.7% in 5 years.

FBD Holdings dipped 34.2% in the year; Kenmare Resources plunged 83.1% and other mining/commodity issues also had a torrid time - Providence Resources dipped 61.3% and is down 75.2% in 5 years.

Allied Irish Banks dropped 29.5% with the help of Michael Noonan, finance minister, who warned that the share price did not reflect fundamentals.

The Irish Stock Exchange said in its Q3 2014 quarterly report that  average daily turnover for equities stood at €260m per day in the first three quarters – up 16% on the same period last year.

€980m was raised in the nine months of 2014 with three new companies listing on the ISE

For the first time in over 12 months there were no new listings of companies on the ISE during the quarter. Three companies listed on the ISE earlier in the year, raising a total of €484m. These were Dalata Holdings plc, Mainstay Medical plc and Irish Residential Properties REIT plc.

Finfacts 2013: Irish Stock Exchange: Born in 1793 - slowly dying in 2013

Anglo Irish Bank closed at 22 euro cent on the Irish Stock Exchange, on January 15, 2009 - - its last day of trading before becoming a State-owned bank.

On February 21, 2007, the ISEQ index rose to an-all time high of 10,041 and the Financial sub-index rose to 18,098. Bank of Ireland closed at €18.65;  Anglo Irish closed at €16.64 and AIB closed unchanged at €23.95.

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