The value of Irish shares stayed almost static today, the ISEQ index losing 6.06 points to finish on 6,108.20.
The financials all did well, chief among them Anglo Irish Bank, which climbed 13c to €8.55. Bank of Ireland was up 7c to €8.38, with Allied Irish Bank climbing 6c to €13.04. Irish Life & Permanent inched up 1c to €10.71.
The market reacted well to Paddy Power’s £19m (€24m) takeover of McGranaghan Racing, the bookmaker jumping 11c to €22.30.
Ryanair also did well, up 13c to €2.75.
The construction sector took a hit though. Kingspan fell 27c to €6.73, CRH was 22c down to €23.78, and Grafton fell 21c to €4.85.
The food and drink sector also performed poorly, with Kerry Group the biggest casualty, slumping 56c to €18.99. Greencore was down 39c to €3.23, and Donegal Creameries was down 10c to €6.05.
Other heavy fallers included FBD (down 94c to €25.86), Icon (down 80c to €44.70). DCC and Irish Continental Group both shed 34c to finish on €15.36 and €20.16 respectively.