Iseq 2,568.29 +(63.27) at 10.30 am:The Iseq index of leading shares was in positive territory this morning led by the banks and cider maker C&C.
Shares in Irish banks surged in early deals following last night's announcement that the Government is to invest up to €10 billion in the State's biggest banks and building societies.
At 10.30am, AIB shares were trading up over 2 per cent or 9 cent at €2.07, while Bank of Ireland shares jumped nearly 17 per cent or 15 cent to €1.05.
Shares in Anglo Irish Bank jumped as much as 24.7 per cent at today's open. Anglo, which has seen its share price fall by 96.5 per cent in the past year, was trading up 15 per cent or six cent at 44 cent, while Irish Life & Permanent was up 7 per cent or 11 cents to €1.63.
Elsewhere, increased sales of Magners cider in Britain last month helped lead C&C shares up four cent to €1.29.
Other movers this morning included Athlone-based pharmaceutical firm Elan, which was up 23 cent to €5.29, insurer FBD, which was trading down 25 cent at €7.40 and CRH, which jumped 42 cent to €19.81.
Other construction-related shares were mixed with Grafton up seven cent to €2.14 and McInerney flat at 17c.