Banks enjoy holiday session as AIB and B of I see gains

Settlement Date: November 1st There  was very little trading activity on the Dublin market during the bank holiday

Settlement Date: November 1stThere  was very little trading activity on the Dublin market during the bank holiday. Dealers said that what little business was done was technical with very low volumes.

The banks fared well during the session following a stronger performance from the sector internationally. AIB closed 30 cents better on the day at €13.70. Bank of Ireland also managed to make similar gains rising to €11.30, up 30 cents.

Anglo Irish Bank was marginally stronger at €6.37. Irish Life & Permanent was the only financial stock unable to move higher on the day. It closed down 4 cents at €11.73. First Active didn't trade, holding at Friday's closing price of €4.76.

CRH shares slipped once again. The stock drifted 20 cents lower to end at €12.75.

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Other stocks traded included DCC, which added 3 cents to €9.18, and Greencore, which rose 4 cents to €2.54. Elan was off 6 cents at €1.47 in Dublin.

Grafton Group was weaker at €3.53, down 2 cents, while IAWS notched up 5 cents to end at €7.15. Waterford Wedgwood went 5 cents higher to close at 40 cents. Jurys Doyle was 15 cents weaker at €6.85.

Ryanair rose to €6.40, up 20 cents, Kerry Group managed to put on 10 cents to €12.90 while Paddy Power added 5 cents to €4.25.

European stock markets fared better yesterday tracking a more positive trend on Wall Street. The rally in US stocks ran out of steam though and held back progress in other stock markets towards the end of trading.