THERE were contrasting fortunes for leading stocks on the Dublin market with CRH suffering a sharp reverse after the Redland profits warning, while some of the secondary financial stocks pushed firmly ahead. There was no great volume in the CRH trading, but the share closed down 10p on 600p although there was a minor recovery in late London trading where the share moved from a low for the day of 601p to close down 4p on 605p sterling.
Of the rest of the leaders, the two big banks drifted lower, with AIB 3p off on 389p and Bank of Ireland down 1p on 514p. Smurfit was 2p firmer on 165p as JS Corp strengthened overnight on Wall Street.
Irish Life remained a favourite and once again dealt in size before closing up 5p on 270p. Irish Permanent moved to a new high with a 3p jump to 481p.
Second-liners were the usual mixed bag. Adare continued its steady improvement and gained another 5p to 570p, Green was unchanged on 240p as the market digested the £68 million acquisition of a Morgan Grenfell property portfolio.
Meanwhile, Heiton, which has suffered from some recent selling, regained 6p to 97p. Independent was also 6p stronger on 306p.
Gills held on to early gains and kept pace with both Germany and Britain, but most attention was on currency markets and the continuing surge by both sterling and the pound against the deutschmark.
Five-year gilts closed 13p higher on a 5.84 per cent yield, 10s were 15p higher on a 6.52 per cent yield, while long gilts closed almost 30p higher on a 6.83 per cent yield.
American markets were closed for the Thanksgiving holiday.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VR3765MFOBH2NMV2QNICYDF67M.png)