Traders on the New York Stock Exchange. The three main indexes rose on Wednesday, while treasury yields pulled back from their multiyear highs. Photograph: Michael M. Santiago/Getty Images
In terms of individual companies, building materials company Kingspan saw a rebound after several days of losses, gaining 1.73 per cent and closing at €69.52.How to choose a credit card: Beware free flights and cashback offersStill at the centre of investor speculation regarding a proposed merger with US peer WestRock, shares of packaging company Smurfit Kappa remain volatile, but saw gains on Wednesday. Smurfit rose 2.05 per cent, closing at €31.36.
It was a mixed day for the Irish banks, as AIB fell 0.39 per cent to €4.04, Bank of Ireland was up 0.71 per cent to €9.12, and Permanent TSB remained flat at €2.08. Shares of Spirent Communications fell 31.27 per cent, to lead declines on the midcap index, after the telecoms testing services provider warned of lower annual profit.
Among single stocks, Novartis rose 1.81 per cent after the Swiss drugmaker said it has completed the spin-off of its generics and biosimilars business Sandoz. Sandoz, meanwhile, lost 17.46 per cent.