ISEQ battles back but stays in the red
The ISEQ made afternoon recovery from an early slump today but still closed the day down 11.11 to 6,263.84 today as Elan was plunged into more trouble with further bad news from the United States.
Elan's shares slumped a further 77c today to €4.80 today after news of a second confirmed death of a patient being treated on a combination including the company's multiple sclerosis drug Tysabri.
But financial stocks, which had also suffered early setbacks this morning, recovered in the afternoon trading.
Shares in Allied Irish Bank closed unchanged at €16.30 while Bank of Ireland shares climbed 5c to €13.24. Anglo Irish Bank shares slipped 3c to €20.29 while Irish Life & Permanent climbed 10c to €14.95.
Building giant CRH - which slipped 14c to €21 by mid-morning climbed 26c by the end of the day to close at €21.40.
Irish bookmakers Paddy Power has seen share prices fall 10c to €13.65.
Another faller was Irish Continental, which slipped 45c to €11.15.
Budget airline Ryanair climbed 5c to €6.10. The company announced details of a new seat sale today.
The most traded shares today are CRH, Bank of Ireland, Ryanair, Elan and AIB.
