Shares in electronic payments firm Trintech recovered slightly yesterday after suffering a bruising fall of almost 10 per cent on Monday, writes Jamie Smyth. Trintech closed up 11 cents at €2.51 (£1.98) per cent on the Neuer Markt as the stock shook off concerns following a profit warning issued by a competitor.

Mr Barry Dixon, analyst with Davy Stockbrokers, said the sharp drop the previous day was not a "specific" Trintech issue and was just a feature of the current market.

Howth-based technology firm Datalex, a provider of e-business software for the travel industry, fell a further 2.17 per cent on the US Nasdaq index to $2.25 (€2.63) yesterday following its earnings warning issued last Friday.