Iseq:2,875.92 (+8.09) Settlement Date:25th November
AFTER A slow week for the Dublin market, the Iseq managed to edge up slightly to end the week in positive territory, although traders noted that volumes were still well below average with few significant movers.
Nonetheless the Iseq managed to outperform its European counterparts, which all ended the session lower.
It was a mixed day for financials. Irish Life & Permanentfinally managed to shake off the negative effect of its disappointing trading update on Tuesday, with the shares regaining over 1.5 per cent of its losses to close just under €3.50.
Bank of Irelandalso ended the week in positive territory, closing just under 1.5 per cent higher at €1.69. AIB was down, shedding 1.5 per cent to close at €1.70, although one trader noted that this was on relatively low volumes.
Exploration company Providencewas the most traded stock yesterday, although traders noted that there was no specific news feeding investor interest in the stock. It closed 6 per cent lower.
Insulation provider Kingspan put in a good performance, advancing over 1 per cent on the session to close at €5.59, after British insulation supplier Rockwool posted positive third-quarter figures.
As Independent News and Mediaannounced the appointment of Declan Carlyle as deputy managing director of Independent Newspapers, Ireland, INM's share price shed 5.5 per cent, on the day.
Although this represented a fall of one cent, the move was on reasonable volumes and the media group’s stock ended the week at €0.17.
Index heavyweights CRHand Ryanairsaw marginal rises. CRH closed a cent higher at €17.11, while Ryanair gained two cent on the day, reversing the previous session's fall.
