Ryanair shrugged off the negative sentiment weighing on the airline sector today to deliver one of the strongest performances on the Irish market.
The low-fares airline reported a loss of just over €10 million in its third quarter, but brokers said its results were in line with expectations and "reasonably well received". The stock gained 0.75 per cent to finish at almost €3.65.
Overall the airline sector was down almost 2 per cent as concerns over international travel were fanned by ongoing tension in Egypt, while oil prices continued to rise.
Aer Lingus moved in line with the sector, shedding just under 2 per cent, or two cent, to finish at €1.03, although the stock wasn't very actively traded. According to brokers this decline was largely caused by the international situation and fuel prices, rather than the ongoing dispute at the airline.
Elsewhere, Greencore sank more than 2.5 per cent, or about three cent, to €1.10. This decline came after the convenience food producer's chairman told shareholders that it is continuing to consider its options in relation to a possible counter-bid for Northern Foods.
There were very few winners on the Irish market today, with most names selling off over the course of the afternoon session.
Cider manufacturer C&C was one of a handful of names to finish in the black, gaining almost 3 per cent, or 10 cent, to just under €3.42.
Index bellweather CRH was down in line with the market, falling about 1 per cent, or 18.5 per cent, to just under €15.63.
The Iseq index lost 26.12 points to finish at 2,864.55. Germany's DAX Index declined 0.4 per cent and the UK's FTSE 100 Index lost 0.3 per cent, while France's CAC 40 Index added 0.1 per cent.
Additional reporting - Bloomberg