Eircom shares rebounded slightly in an otherwise very quiet day in Dublin. Both the London and New York markets were closed for bank holidays. After falling heavily last week on news that KPN is to sell its stake in the group at a discount Eircom shares rose from €3.055 at Friday's close to €3.13 yesterday.
Other stocks on the move were Bank of Ireland, up five cents to €6.80 and Fyffes which put on seven cents to close at €1.57. Greencore fell one cent to €2.92.
The stock exchange has announced changes to the way the smaller exploration stocks will be quoted. From June 6th, the price quoted on the exchange will be for blocks of 10 shares. The exchange has introduced the rules to facilitate full electronic trading which begins June 6th using the Xetra system.
Affected stocks are Bula Resources (Holdings), Ennex International, Ormonde Mining, Providence Resources and Tuskar Resources.
It is expected that stockbrokers will still facilitate clients who do not wish to trade in units of 10 shares.
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