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Hitt og þetta 25. apríl 2006

(IFN) Icelandic financial shares up in early trade

Reykjavik (IFN) Shares in Icelandic financial institutions rose in early trade in thin newsflow, but analysts said investors might feel the shares have now hit the bottom, lending them a slight boost.

They added that more positive sentiment toward the shares could also be reflecting expectations ahead of earnings season.

Landsbanki (LAIS.IC) trades +1.8% at ISK22.80, Kaupthing (KAUP.IC) +2.1% at ISK779, Glitnir (GLB.IC) +1.8% at ISK17.40, Straumur-Burdaras (STRB.IC) +1.8% at ISK17.10 and FL Group (FL.IC) 2.5% at ISK20.40.

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Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.