Eircom shares fell some 3 per cent this morning on the back of a general lull in European telecom stocks following Orange's poor IPO price. The stock was trading at euro 2.45, down 7 cents, by lunchtime.
The overall index remained relatively unchanged at 5,628.33, down 5.53 points on the day. A quiet morning's trading was blamed on a lack of news flow.
The main financials were a little lower today in tandem with their European counterparts. AIB was down 13 cents to euro 12.87 while the Bank of Ireland was down 6 cents to euro 9.80. Irish Life & Permanent was the exception as the stock rose 5 cents to euro 12.05.
Positive market sentiment was said to be behind a 12 cent rise in Horizon Technology which was trading at euro 7.40 at lunchtime.
Elsewhere CRH was down 9 cents to euro 18.70, Elan was up 45 cents to euro 52.70 while Grafton was down 70 cents to euro 27.00.
Independent News & Media was up 2 cents to euro 3.10 while the ITG group continued rise to be trading at euro 9.00 up 22 cents.