Iseq sees stock fall 139 points
The Iseq has had a torrid morning with the index plummeting 139.87 points to 9,244.43 by 11.15am.
The financials lead the downfall with AIB down 61c to €20.09 and Anglo Irish Bank not far behind with a 53c fall to €14.97. Irish Life and Permanent joined in the general negative mood with a 42c decrease to €18.25 while Bank of Ireland slipped 27c to €15.
Two construction firms continued the negativity, CRH dipping 29c to €36.47 and Grafton down 18c to €10.57 while food firms also joined in the gloom - IAWS were down 30c to €15.60 and Kerry Group dipped by 17c to €20.58.
The EU's decisoin not toblock Ryanair's takeover of Aer Lingus this morning has had very little affect on their share prices with Ryanair stable on €5 and Aer Lingus down only two cents to €2.60.
Elsewhere, insurance firm FBD saw their stock fall 35c to €32 and Smurfit Kappa went down 38c to €18.50.
