Markets rebounded yesterday, heading into the weekend on what's become a rare upswing, as the scale of governmental interventions to prop up economies became clearer. In Ireland, bank and travel and tourism shares which have suffered massive falls in recent weeks clawed back some of those losses. Bank of Ireland's New Ireland blocked withdrawals from its property funds yesterday, the third investment manager here to do so as the coronavirus spooked investors and made property harder to value. Zurich Insurance temporarily suspended withdrawals at its Ireland-based property fund from March 20 after recent outflows, a company spokesman said. The Iseq 20 index of Irish shares closed up 3.37pc yesterday with AIB, Bank of Ireland, Dalata and Ryanair all up.

Source: Irish Independent March 21, 2020 02:36 UTC