Leading stocks shed value after day of meagre trading

The stock market closed marginally weaker after a quiet day's trading as a lack of news and the closure of British markets for…

The stock market closed marginally weaker after a quiet day's trading as a lack of news and the closure of British markets for a bank holiday dampened activity.

"Volumes have been very thin, there hasn't been a lot of news," one trader noted.

Among the leading shares, Bank of Ireland lost 15 cents to €10.75, AIB shed a cent to €12.40 and CRH lost three cents to €19.90. Elan was down 50 cents at €60.00, Smurfit shed a cent to E;2.39 while Ryanair was up 19 cents at €11.45.

Hotel group Jurys Doyle lost seven cents to €9.65 after it said its key tourism months had been hit by the foot-and-mouth crisis and slowing economies. However, the hotelier also said that it expected the rest of the year to be ahead of the same period in 2000.

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Dealers reported good interest in certain second-line stocks such as Heiton, which gained 14 cents to €3.35 and Grafton, up five cents at €3.10.

In the technology sector, trading was quiet. Horizon fell by two cents to €0.80 while Riverdeep was up nine cents at €4.15.