ISEQ plummets
24/11/2006 - 11:11:33It was a bad start to the day as the ISEQ index saw shares plummet by 62 points to 8837.5.
The bad news spread to all areas as most of the major financial institutions fell in. AIB fell 20c to €21.65, while Bank of Ireland shares slid 10c to €16.20. IL&P also fell 20c to €20. Anglo Irish bank fell by 10c to €14.50.
The biggest loser on the index, insurance group FBD, fell by 55c to €41.30 while building materials group CRH fell by 30c to €28.85.
Meanwhile the euro has broken through the $1.30 mark against the US dollar for the first time in more than 18 months, hitting $1.3086 at one point. The single European currency rose by more than 1% from Thursday evening's level.
