The ISEQ is 31 points higher at mid-session today with gains in old economy stocks countering weakness in the technology and telecom sectors.
Baltimore came under pressure falling 17p at £2.65 after London brokers UBS Warburg - a fan of the company - trimmed its recommendation back to "buy" from "strong buy".
Old economy shares made gains as investors scrambled for safe havens. Building supplies group Grafton added 10 cents to euro 29.90, food group Greencore gained 11 cents to euro 3.15 and DCC headed 10 cents higher to 11.70.
AIB fell 15 cents after yesterday's results announcement but Bank of Ireland moved in the opposite direction, gaining 15 cents to euro 10.35.
London was depressed this morning after another sell-off. At mid-day, the FTSE 100 index was five points lower at 5,967.4 - well above its early 5,937.1 low.
Technology stocks continued to feature heavily on the FTSE 100 index fallers board, awaiting the next move from Nasdaq in New York.
The fear is that the tech-dominated index could once again see hefty selling, with the Nasdaq index future indicating further losses at the outset.