ISEQ feels effects of US downturn

Anxiety across global markets as to the future of the US economy has leaned heavily on investments on the trading floor in Dublin this morning, with the ISEQ-index of Irish shares plunging 58.66 points to 8129.61 as the market opened.

Mon, 10 Sep, 2007 - 12:07
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Anxiety across global markets as to the future of the US economy has leaned heavily on investments on the trading floor in Dublin this morning, with the ISEQ-index of Irish shares plunging 58.66 points to 8129.61 as the market opened.

All the financial heavyweights felt the effects with losses across the board including a sharp 22c downturn by Bank of Ireland where shares are trading this morning at €12.70.

Anglo Irish Bank also felt the pinch, shedding 14c off its share price to stand at €13.79.

IL&P and AIB managed to slow the downward momentum slightly with losses of just 9 and 8c at €17.36 and €17.65 respectively.

Elsewhere, Irish ferries group ICG shone a light on an otherwise dismal morning, reporting trading profits of €16.4m, compared with €2.6m in 2006.

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