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ISEQ down, burdened by financials

05/12/2003 - 11:40:32
The Irish index of shares closed down 0.24% , or 57 points, to 4,766.08 weighed down by financial stocks.

AIB continued its slide following Wednesday's trading statement. Shares fell for the fourth day in a row, down €0.10 to €12.00.

Bank of Ireland was at €10.53, up €0.02.

The bank bought back 260,000 of its own shares yesterday as part of its restructuring program bringing the total number of shares repurchased since November's results to €2.75m.

Anglo fell €0.03 to €12.00, halting yesterday's impressive climb. Irish L&P and First Active saw no change.

Shares in the food sector were down. Greencore was one of the most heavily traded stock on the exchange today.

It's share price fell €0.03 to €3.00. Glanbia was down €0.02 to €1.96 and Kerry group fell €0.05 to €14.65. Fyffes bucked the trend here, up €0.01 to €1.58.

Elsewhere, Ryanair fell €0.02 to €6.36 after yesterday's rise on the back of better than expected load figures of 83%.

United Drug was a faller down €0.10 to €2.25. Waterford Wedgwood saw no change, after heavy trading ,at €0.22. Paddy Power was up €0.04 to €7.05.

European stocks were down in early trading as they waited for key unemployment data from the US to be released later today.

In London, the FTSE-100 was 0.2% lower, while Frankfurt was down 0.5% and Paris was 0.6% lighter.

On the currency markets the euro was worth £0.701 and $1.21.

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