Movement on the Dublin market was modest at midday ahead of tomorrow’s referendums following the FTSE’s low key example on the eve of the British election. At midsession the ISEQ was marginally down on 6,399.05, a fall of 28.6 points.
News that Mr Denis O’Brien’s eIsland consortium has increased his offer for Eircom’s fixed-line business to existing Eircom shareholders through the issue of a warrant had a minimal affect on the telco’s share price. At midday, Eircom shares eased ahead two cents to euro 1.25.
Market heavyweight Elan eased down this morning to euro 68.67, a fall of 1.23.
The financials - fresh from announcing a reduction in their commission charges for euro zone currencies were both slightly lower. AIB dropped sic cents in early trade to euro 12.87 while Bank of Ireland shed 25 cents to euro 11.50.
CRH stock performed strongly this morning adding 33 cents to euro 21.58 followed into positive territory by fellow construction stock Green Property, up seven cents to euro 7.75.
Tech stock Iona had a bruising morning shedding yesterday’s gains by dropping 221 cents to euro 46.79.
The food sector saw Greencore ease ahead seven cents to euro 2.70 buoyed by rumours that its milling sector could be merged with IAWS, which gained five cents to 7.40. Kerry eased off 15 cents to euro 13.65 while Glanbia fell slightly to euro 0.83, a drop of one cent.
