Unstable market causes ISEQ to falter
The ISEQ-index of Irish shares was down by 3.54 points this morning to 6493.33, as markets across Europe reacted positively to the US Federal Reserve’s shock cut in interest rates.
The financials all took a hit, with AIB leading the way falling 51c to €14.36. Bank of Ireland was also in negative territory, down 19c to €9.26. Irish Life and Permanent followed suit, down 20c to €10.50 and Anglo Irish Bank fell 5c to €8.96.
Elsewhere, Tullow Oil bucked the negative trend gaining an impressive 49c to €7.20. This comes on the back of a trading statement released by the company revealing that production for last year, measured by barrels of oil equivalent per day (boepd), was up by 13% to 73,100.
Within the construction sector, CRH was by far the best performer this morning soaring €1.14 to €24.84.
