ISEQ falls below 3,000 mark
27/01/2010 - 17:48:25After 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.
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