Shares in Glanbia and Aryzta have been the stand-out performers this week, as both companies saw somewhat of a recovery in their share price.
Since the end of July, Glanbia’s share price has weakened sharply, after the company issued a profit warning for its 2019 financial year.
Five-year lows
Glanbia’s share price plunged to five-year lows on the back of the news, as investors raised concerns over the strength of Glanbia’s performance nutrition business.
However, in the last week, Glanbia’s share price has rallied 8% and closed out this week’s trading at €11.39.
While this is somewhat of a recovery, Glanbia’s share price is still down 32% from where it started the year.
Aryzta rally
Meanwhile, frozen bakery giant Aryzta has also seen an improvement in its share price this week.
Aryzta shares have rallied almost 20% this week to €0.88.
The company’s share price is still down 13% on where it started in January 2019.
Of the other listed agri-food companies, shares in Kerry Group dropped almost 1% this week to €108.70, while shares in FBD Insurance rallied more than 5% to €9.16.
Shares in Origin Enterprises also improved close to 9% this week to €5.20.
On oil markets, the price of Brent crude oil is generally steady this week and is currently trading at just over $60/barrel.
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