THE Irish market ended down overall with equities taking the lead from bonds which had a jittery day.

Most movement was in the two banks with large lines of stock being sold from Britain.financials will continue to be weaker Monday; there is still a fair bit of stock around at the close," a trader at one broker said.

AIB closed down 3 3/4p at 364 1/4p a share while Bank of Ireland lost 5p to 465p.

The American seller of Smurfit stock was still in the market and the share closed 2p lower at 146p. Kerry preserved its late Thursday gain of 3p to 499p after its acquisition of French fruit ingredients company Ciprial for Pounds 54 million.

Silvermines lost 2p to 62p after it announced it had managed to offload an office block in Dublin "far Pounds 4.4 million and, at the same time, had acquired two small companies in Britain and the US for Pounds 2.2 million. The company also announced a Pounds 1.9 million placing at 61 1/2p.

The bond market also suffered following a sell off in the US Treasury bond market overnight, followed by a worse than expected German money supply figure.

"Worries about the monetary union timetable slipping also hit sentiment," a trader said. The 8 per cent bond, due 2006, was yielding 7.20 per cent from 7.14 per cent Thursday. The 8 per cent bond, due 2000, was yielding 6.38 per cent from 6.30 per cent a day earlier.