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ISEQ back in the red

27/04/2006 - 17:43:53
The ISEQ index of shares fell back from yesterday's highs, ending today's session down 32.88 points at 7889.3.

The financials bore much of the brunt, with Irish Life & Permanent shedding 30c to close at €20.15.

AIB was down 12c to €18.83, Bank of Ireland lost 9c to €14.58, while Anglo Irish Bank ended the day at €12.93 after losing 7c.

It was also a torrid day for oil stocks. Dragon Oil was down 18c to €2.75, while Tullow Oil also shed 18c to €5.89.

On a brighter note, bookmaker Padd Power built on yesterday's gains with a rise of 20c to €14.16.

Meanwhile, shares at glassware company South Wharf plc were up 5c to €4.40 as it reported an increase in turnover of €300,000 to €1.2m.

The company said the increase reflected sales of glass manufactured at Ringsend, Dublin.

Losses after interest and tax for the year was €2.4m compared to a profit of €1.1m last year.

The company said it might be possible to increase capacity by means of the production facilities of Ardagh Glass.

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