Thin trading behind 40% hike in AIB share price

The 40 per cent rise in AIB’s share price last week was triggered by a series of trades worth just €6 million.

6th March, 2010

The 40 per cent rise in AIB’s share price last week was triggered by a series of trades worth just €6 million.

Shares in AIB rose by more than 20 per cent last Thursday, despite a muted reaction to the bank’s full-year results announcement two days earlier.

The bank reported pre-tax losses of €2.7 billion after writing off almost €5.4 billion in bad debt charges.

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