ISEQ falls below 3,000 mark
After days of threatening to fall below 3,000, the ISEQ index of Irish shares finally dropped below the psychologically significant mark today.
The index lost more than 2% of its value, down 65.47 points to 2,951.06.
The financials all lost some significant ground. Irish Life and Permanent was the biggest faller, slumping 21c to €3.34. Allied Irish Banks (down 13c to €1.22) and Bank of Ireland (down 7c to €1.31) also suffered.
The construction sector also fared badly. CRH deteriorated 63c to €17.25, with Grafton losing 14c to €2.68. The energy sector also declined, with Tullow Oil sliding 84c to €13.30 and Dragon Oil down 14c to €4.66.
Paddy Power suffered another sharp decline, down 57c to €22.98. FBD (down 27c to €5.98) and Smurfit Kappa (down 15c to €6.30) have also had better days.
| Related Stories: |
|
