Day of losses for ISEQ
The Irish Stock Exchange reacted negatively to the news of Standard and Poor’s downgrading of Ireland’s credit rating as the ISEQ index lost 65.51 points to finish on 2,866.77.
Allied Irish Bank (down 11c to €1.99) and Bank of Ireland (down 12c to €1.92) both lost ground, with Irish Life & Permanent bucking the trend, gaining 18c to €3.73.
There was also mixed fortunes in the food and drink sector, with Glanbia improving 13c to €2.78, with Kerry Group slumping 62c to €15.85 and C&C down 12c to €2.15.
There was carnage elsewhere across the Exchange however. The construction sector fared badly, with CRH faring the worst, losing 30c to €17.05. Kingspan lost 16c to €4.70.
DCC was the worst performer of the day, plummeting 73c to €15.32. Icon lost 35c to €14.65, Irish Continental Group was down 27c to €10. FBD (down 16c to €7.74) and Ryanair (down 14c to €3.61) also performed poorly.
