Mining deals:
Madagascar exploration deal fuels Aminex rise
AMINEX was the top performer on the Dublin market this week with a price rise of 25pc. Demand for the stock was fuelled after the oil company announced it has secured the award of onshore exploration acreage in Madagascar. It later held an upbeat presentation for investors which obviously worked.
Next best was one of the market's more troubled souls. IWP rose 15pc as the share price staged a recovery from losses endured last week.
Another exploration outfit filled third spot, although hardly setting the market alight with a gain of just 3pc. The rise in Glencar's share price was again put down to a recovery following earlier losses.
Elan nudged ahead by 2pc to fill fourth spot as buyers piled in ahead of third-quarter results due soon - there were also plenty of sellers, hence the small rise. Recruitment firm CPL also rose 2pc, despite cautious comments from the Central Bank on employment growth.
On the way south, yet another explorer topped the list, Dragon oil shedding 13pc as oil prices retreated. Providence was also down, shedding 10pc while fruit firm Fyffes fell a similar margin on the back of profit-taking - its shares had traded up on news of a new deal to distribute its super sweet pineapples in the States.
Recent deals within the drug sector have raised fears of increased competition, sending United Drug down by 9pc while in the wake of French group Danone's decision to terminate its distribution agreement with C&C shares in the Irish drinks firm fell 9pc.
Source: Pat Boyle, Irish independent, Saturday October 22nd 2005
AMINEX was the top performer on the Dublin market this week with a price rise of 25pc. Demand for the stock was fuelled after the oil company announced it has secured the award of onshore exploration acreage in Madagascar. It later held an upbeat presentation for investors which obviously worked.
Next best was one of the market's more troubled souls. IWP rose 15pc as the share price staged a recovery from losses endured last week.
Another exploration outfit filled third spot, although hardly setting the market alight with a gain of just 3pc. The rise in Glencar's share price was again put down to a recovery following earlier losses.
Elan nudged ahead by 2pc to fill fourth spot as buyers piled in ahead of third-quarter results due soon - there were also plenty of sellers, hence the small rise. Recruitment firm CPL also rose 2pc, despite cautious comments from the Central Bank on employment growth.
On the way south, yet another explorer topped the list, Dragon oil shedding 13pc as oil prices retreated. Providence was also down, shedding 10pc while fruit firm Fyffes fell a similar margin on the back of profit-taking - its shares had traded up on news of a new deal to distribute its super sweet pineapples in the States.
Recent deals within the drug sector have raised fears of increased competition, sending United Drug down by 9pc while in the wake of French group Danone's decision to terminate its distribution agreement with C&C shares in the Irish drinks firm fell 9pc.
Source: Pat Boyle, Irish independent, Saturday October 22nd 2005
posted by Teboka at
4:39 PM
0 Comments:
Post a Comment
<< Home