THE overnight 64 point fall on Wall Street brought a halt to the Dublin market's recent good run, with share prices falling by just ever half of one per cent. Most of the leaders were weaker, but among the second liners there were some notable performances.
Among the leaders, the direction was mostly downward with AIB down 5p on 347p, Bank of Ireland down 3p on 452p, while both CRH and Smurfit closed below their overnight levels on 613p and 174p sterling respectively.
Arnotts was rewarded for its excellent first half results and the shares rose 55p to 450p as one investor went looking for stock. Adare was another to benefit from resumed interest with the shares jumping 18p to 488p. Irish Continental was unchanged on 490p despite an earnings downgrade Goobody has reduced its full year forecast from 55p to 47.15p to deflect ICG's share of Bell Lines' expected losses of £4 million.
Unidare dealt up 15p from its overnight level to 195p ahead of another profits warning from the engineering group. The last time Unidare sounded a profits warning the shares dropped 50p, but this time may not result in so severe a fall. However, Unidare seems destined to move down to the current bid level of 170p.
Oglesby & Butler jumped 5p to 35p on the back of a good full year performance, while Tullow remained strongly bid and closed up 3p on a new high of 109p as investors take a punt on the current gas testing in Pakistan.