Settlement Day: September 24thThe index gave up 1.15 per cent yesterday as shares across Europe headed into negative territory. The financial sector was the biggest loser in generally choppy Dublin trade, with the main focus of business falling on those stocks entering and exiting the FTSE All-Share Index.
On the entrant side, Anglo Irish lost 35 cents to close at €9.30 on trade of 4.2 million shares. Dealers suggested that investors had moved to sell in the expectation of solid buying demand, but had lost out when the buyers failed to materialise by the end of the day. DCC, which is leaving the index, went in the opposite direction for the opposite reason, finishing 29 cents higher at 10.64 on good volume.
Fellow departee Independent News & Media also climbed, adding five cents to close at 1.71. The company, which saw trade of 8.5 million shares yesterday, also made the news by lodging a bid for part of Trinity Mirror's assets in the North.
Elan was the only index loser to behave as expected on the All-Share changes, shedding 15 cents to close at 5.00.
Among the remaining financials, AIB dropped 27 cents to €13.03 and Bank of Ireland fell nine cents to €10.86 on healthy volume. Irish Life & Permanent continued to lose ground, ending the day 11 cents lower at 11.22.
In the industrials, Ryanair came under pressure after saying it would take a 5 million charge relating to damaged aircraft. The stock closed 33 cents lower at 6.12.
Bucking the trend was Trinity Biotech, which climbed 70 cents to 3.40 on minimal volume. FBD surged on the same basis, adding 77 cents to finish at 9.45.
