Markets Wrap: Stocks keep ahead on Monday as Bitcoin surges

Iseq All Share ended the day 0.65 per cent higher thanks to a busy day for Malin Corportation

Bitcoin hit $50,000 on Monday, a level last seen in December 2021. Picture: Getty

Global stocks climbed on Monday as Bitcoin staged a remarkable comeback jumping to $50,000 (€46,370) for the first time in more than two years.

The Iseq All Share stood at 9,311.83 at Monday’s close after climbing 0.65 per cent. The gains were mostly thanks to Malin Corporation which soared 10.8 per cent, with Kingspan Group and Kenmare Resources up 2.8 per cent apiece.

This was offset by Corre Energy, who not only lost its early gains, but fell 8.7 per cent on the day, along with Mincon group which was down 4 per cent.