Market Report: The Irish stock market gave up more than 1 per cent of its value yesterday as continued dollar weakness overshadowed European markets.
Most of the leading stocks lost ground. In the financial sector, AIB shed 13 cents to €14.62 while Bank of Ireland was off seven cents to €11.48.
Anglo did not escape the general weakness, shedding 15 cents to €17.05, while Irish Life & Permanent was off 10 cents to €13.00.
CRH, which depends on the US for a large chunk of its profits, gave up 30 cents or 1.6 per cent to €19.00. C&C was another loser, shedding four cents to €2.80.
Despite announcing nine new routes out of Shannon and a €180 million investment, Ryanair's share price went nowhere, closing one cents lower at €5.09.
Elan remained volatile, giving up €1.15 or 5.5 per cent of its value in Dublin to €19.65 despite Monday's good news on the pricing of multiple sclerosis treatment, Tysabri.
In New York, the stock also remained out of favour, having shed $1.14 or more than 4 per cents to $26.33 by the Irish close.
Fyffes provided one of the bright spots on the day, adding five cents or nearly 2.5 per cent to €2.08 after issuing an upbeat trading statement.
The fruit importer and distributor said it expected to report record profits this year, with an increase of at least 20 per cent in adjusted earnings per share.
DCC, against whom Fyffes begins proceedings in an insider trading case tomorrow, continued to recover ground lost last week, adding 19 cents to €15.75.
Neither Independent News & Media nor McInerney benefited from their inclusion from yesterday in Morgan Stanley Capital International (MSCI) indices.
The newspaper group added just one cent to €2.23 while the housebuilder closed four cent lower at €6.06.
Kingspan's shares added three cents to €6.73.
Settlement Day: December 3rd
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