Sizeable trading despite US Thanksgiving holiday

With the US market tucking into its Thanksgiving turkey, it might have been expected that trading volumes in Ireland would tail…

With the US market tucking into its Thanksgiving turkey, it might have been expected that trading volumes in Ireland would tail off. But, despite the lack of impetus from New York, there was some sizeable trading in financial shares - although price changes were insignificant.

The biggest trading was in Bank of Ireland, where 3.5 million shares traded as the stock first hit a high of €10.25 before closing three cents lower on the day on €10.05.

AIB also came back from an opening burst to €11.55 before ending 10 cents easier on €11.40. Anglo Irish saw sizeable trading - some 1.7 million shares - and edged four cents higher to €3.84.

Among industrials, CRH lost six cents to €17.83 while Ryanair was four cents firmer on €12.80, as Frankfurt Hahn was finally unveiled as the next European hub where Ryanair will take on Lufthansa on its home patch.

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The beet dispute continues to dog Greencore which lost eight cents to €2.52, while IAWS was five cents higher on €8.40. There are reports that the first stage of the merger of the IAWS/Greencore flour milling interests will be completed before the end of the year. This will involve IAWS closing its Bolands mill in Dublin and taking an initial 24 per cent stake in Greencore's Odlums flour business for an undisclosed sum.

IFG was boosted by its £20 million sterling note issue and planned acquisitions in the UK, and closed up 15 cents on €3.

Jurys lost 43 cents to €7.55, albeit in thin trading, while Kingspan remains in demand and dealt up 20 cents to €3.35 in volume of more than half a million shares.