The market turned in yet another lackluster...

The market turned in yet another lackluster week, with insignificant volume except for companies involved in dividend recaptures or takeover rumors, according to Irving Katz, director of research for Thomas Green/San Diego Securities.

The stellar performer of the week was Monitor Technologies, which rose 47.6%, closing at $3.875 after making a new high of $4.625. on volume 10 times normal. There were two apparent reasons for that activity, according to Katz.

The company reported excellent first-quarter earnings of 18 cents a share, up from $.10 in the previous first quarter. And Thermo Electron Corp. reported that it had acquired 90,600 shares, or a 5.12% interest, in Monitor.

The other large gainer was Triton Group, which gained $2.125 to $17 after reaching a new yearly high of $17.75.

When Triton concludes the sale of its Continental Graphics Division, it would have about $300 million in cash on hand. After eliminating debt, Triton would still have cash on hand that would be almost equal to the market price of its stock--even without the $100 million valuation of its remaining National Airmotive and Western Metal Lathe divisions.

Annual meetings this week include Gen-Probe, today at 10 a.m.; San Diego National Bank, Wednesday at 10 a.m.; International Totalizator, Wednesday at 3 p.m.; CCT Corp., Thursday at 10:30 a.m., and Monitor Technologies, Friday at 8:30 a.m.