TRADING on the Dublin exchange was quiet yesterday as the market was affected by the forthcoming closure of several of the major international financial markets, including Britain and the US, on Monday.
Golden Vale shares closed at 60p, having opened at 62p as the market began to fully digest the news that the Munster co-operative was being fined £3.1 million because it incorrectly calculated its super levy milk bill over a two year period.
The share price is well down from Wednesday's level of 65p and dealers have mixed views on how it will perform next week. Several felt that it is well bid at yesterday's closing price. "The stock was cheap before the announcement. It is not going to run ahead again," said one trader.
"The share price has been overly hit and it is good value now," said another.
Shares in Avonmore gained 1p and traded at 148p.
Radiator and plastics group Barlo, which announced pre-tax losses of £2.48 million in the year to March 31st was unchanged at 40p.
Hibernian's share price pressed ahead 21/2p and finished at 295p.
Bank of Ireland finished up 3p at 453p, while Allied Irish Bank slipped back 1/2p to 337p. Irish Life dealt down 2p at one stage, but closed unchanged at 255p. Irish Permanent also ended the day unchanged at 382p.
CRH shares fell 3p, finishing at 595p. Independent shares saw 10p wiped off its share price, closing at 505p. Arnotts, which held its a.g.m yesterday, was unchanged at 400p.
