Ryanair was the star of the Irish market yesterday, breaking the €11 barrier as forecast by Merrion Capital at the beginning of the year.
Following concentrated buying of its shares, the airline ended the day at €11.20, up 95 cents. Merrion Capital is now forecasting that Ryanair will hit €13 by the end of 2001.
Financials traded well on the back of Bank of Ireland's results. Bank of Ireland finished the day up 3 per cent following its better-than-expected results, with most brokers now expected to revise their forecasts upwards for the bank. It finished the day at €9.11, up 19 cents following strong trading in its shares. Anglo Irish Bank Corporation closed up nine cents at €2.75.
AIB finished the day two cents down at €13. Also down were First
Active, dropping seven cents to €2.10, and Irish Life & Permanent, down five cents to €12.15.
Another strong performer was Elan which closed up €1.50 at €59.50.
Waterford Wedgwood was three cents firmer on the day as it recovered from the lows of last week to close at €1.37.
It was a mixed day for tech stocks on the Irish Stock Exchange. Datalex dropped 15 cents to €6.65, Horizon was down 20 cents to €7.70, while Iona ended the day up €1 to €77 and Riverdeep up 35 cents to €4.65.
Eircom had a lacklustre day, eventually finishing three cents down at €3.22.
As the Irish Stock Exchange closed, shares in Irish tech stocks, including Baltimore, Trintech, Iona and Riverdeep, were all trading down on the Nasdaq.
