Market Report:Overseas sentiment took centre stage in the stock market world yesterday as a lack of local news provided little momentum and made for what dealers described as "a lacklustre session".
Traders reported particularly subdued trading during the morning, although things picked up in the afternoon once Wall Street opened. Overall performances were mixed.
Drinks group C&C put in a spurt towards the end of the day, closing up 30 cent, or 2.5 per cent, at €12.10. As many as 1.8 million shares changed hands, with one dealer reporting that the majority of the activity took place right at the end of the trading day.
Bank of Ireland was another busy stock, with 4.5 million units trading, though financially the performance was uninspiring as shares closed down eight cent, at €16.12.
Dealers reported decent two-way interest in Independent News & Media, although its shares closed almost unchanged, down one cent, at €3.69.
Ryanair was down five cent, at €6.01, despite confirming plans to start a long-haul service. Aer Lingus gave up eight cent or almost 2.5 per cent to close on €3.14.
Elsewhere, IEX minnow Oakhill jumped 54 per cent straight after announcing plans for a significant revamp, with the appointment of former Eircom finance director Philip Lynch as executive chairman. The shares closed up 7 cent, at 20 cent.
Meanwhile, drug group Amarin, which is not widely held in Dublin, lost some of the 30 per cent it climbed earlier in the week, closing down 7 cent, or 2.9 per cent, at €2.38.
