Read More Here: Iseq lower on slow 'summer's day' trading - The Irish Times - Thu, Aug 07, 2008: "Brokers described this morning as a “real summer’s day trading” on the Dublin market with light volumes and little news to shake the market.
At 12.44pm the Iseq index of 62 stocks was down just over 1 per cent at 4,444, a drop of 56 points.
What movement there was this morning came from Anglo Irish Bank which traded up at €6.60 this morning before easing back to €6.41, down 0.5 per cent on the day by early afternoon.
Analysts said the intra-day volatility on the Irish market remains “extraordinary” although in the case of Anglo much of the dealing was seen as coming from short-covering as short positions are called in.
Other banking stocks were weaker too, with Irish Life and Permanent off 1.7 per cent at €6.14 and Bank of Ireland down just under 1 per cent at €6.03. AIB was the only gainer, adding 2 cents to €9.02.
Shares in Kerry Group, which added over 6 per cent yesterday, gave up most of those gains to fall back 4.8 per cent to €19.04 by the midpoint."
Thursday, 7 August 2008
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