Mixed days for banks as Iseq struggles

The ISEQ index closed up 29 points yesterday, a modest climb of 0.38 per cent on the day and a less impressive gain than elsewhere in Europe. Some nine million shares traded in Anglo at a price of €11.35, which is where the stock closed, down 5.6 per cent on total volume of 13.2 million

AIB fell 2 cent to €16.48 on volume of four million, while Bank of Ireland managed to rise 1.2 per cent on volume of 2.1 million. There was lighter trading in Irish Life & Permanent, which climbed 13 cent to €15.63.

CRH, meanwhile, rose 2.85 per cent, a climb of 75 cent to €27.06, as housing data from the US was not as bad as expected. Elan also had a good day, climbing more than 3 per cent to €16.53.

Some 15.3 million shares traded in luxury goods firm Waterford Wedgwood, which saw its share price climb 4 per cent to 2.5 cent.

Fyffes property spin-off Blackrock fell 4.55 per cent yesterday to €0.42, dropping 2 cent. Fyffes other spin-off Total Produce, which recently spent a reported £1 million on the UK wholesale operations of Dutch company The Greenery, saw its share price stay steady at €0.72. Fyffes itself fell 1 per cent to €0.93.

Tullow Oil also fell 1 cent on the Dublin market, but rose in London after analysts at Citi increased its share price target to £7.00 after a positive field trip to Uganda.

It was a quiet day for many of the other stocks, but there were gains for Aer Lingus, Greencore, Glanbia, Grafton, Smurfit Kappa, Independent News & Media, Kerry and Kingspan. But among the fallers were Readymix, Qualceram Shires, Ryanair, United Drug, C&C, DCC and IAWS.

Settlement Day: October 30th