Shares in Trintech, the Dublin-based electronic payments software company, fell 15.5 per cent last night on the Nasdaq as volatility among technology stocks continued on world markets.

Trintech shares fell by more than $2.06 (#2.15) to close at $11.19, their lowest level since late last year. The share has lost ground consistently since reaching a high of $75 in March and is now only a few dollars off its pro rata flotation price of $5.775.

Analysts in the US said the stock was suffering from the volatile market, its small size and the fact that the company would not report revenues until late next month.