Domestics keep market busy

DEALERS reported another busy day in Dublin yesterday, with most business coming from domestic players.

DEALERS reported another busy day in Dublin yesterday, with most business coming from domestic players.

Trading volumes were estimated to be close to £30 million with good demand reported for market leaders.

CRH continued its recent good run, hitting another new high of 613p, up a penny on the day. Trading in sizeable volumes, it remained in good demand in Dublin and London.

Smurfit gained a penny to finish at 169p having traded as high as 170p earlier in the day.

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Among the financials, AIB had a set back, dropping 8p to 340p. It had dealt as low as 339p in the morning which dealers say was largely on the back of profit taking.

Bank of Ireland was unchanged at 446p. Irish Permanent put on a penny to 383p while Irish Life moved from 253p to 254p.

In the second line sector, Clondalkin managed to hold on to strong gains on Wednesday, staying at 520p.

Adare gained 5p to close at 530p, Barlo added a penny to 39p, while Crean was unchanged at 260p. Waterford Wedgwood added a penny to 81p.

In the food sector, Avonmore traded up 1p to 151p. Fyffes remained at 107p, Kerry was Unchanged at 650p while Waterford Foods dropped 4p to 90p.

Irish Government bonds traded higher, helped by a firmer tone in overseas markets.

The 8 per cent bond due in 2000 was up 30p at £103.95 to yield 6.79 per cent. The 8 per cent due in 1006 rose 35p to £102.50 to yield 7.55 per cent.