Iseq:3,025.25 (+9.93) Settlement date:February 8th
CPL RESOURCES delivered one of the strongest performances on the Dublin market yesterday, as the feelgood factor generated by the recruitment firm’s interim results last week continued to lift its share price.
"They're generating cash in probably the worst economic conditions they can possibly go through," one trader said, adding that there was decent interest in CPLagain yesterday. The stock rose almost 8 per cent, or 17 cent, to close at €2.35.
Another minnow stock, TVC Holdings, stormed ahead on the day. The investment holding company jumped by more than 11 per cent, or six cent, to 60 cent.
Technology company First Derivativesclosed up almost 8 per cent at €2.80 on the back of its announcement that it is in talks to buy Cognotec, a Dublin-based technology company that went into receivership last week.
Financials proved to be the weakest sector across Europe, and this weighed on Irish banks.
Irish Life Permanentwas quite weak, falling about 2 per cent to €3.10.
Although Bank of Irelandbenefited on Tuesday from its announcement of a securities swap, the positive reaction waned yesterday and it slipped by just over one cent to €1.31. AIBrose fractionally to €1.23.
While there have not been huge price movements in the two main bank stocks this week, traders reported a notable pick-up in the level of trading.
The only other moves of note came from the small-cap space. McInerney Holdingsand Blackrock International Landboth lost ground, shedding more than 5 per cent and 10 per cent respectively to close at 17 cent and 5.2 cent.
The two largest constituents of the Iseq index, CRHand Ryanair, closed pretty much flat at €17.66 and €3.52 respectively.
