Iseq falls 78 points in morning's trading
The Irish stock exchange has had a negative morning with the index 78.46 points lower at 4,525.91 by 10.45am.
The financials have been the main culprit in the decline with insurance giant FBD Holdings tumbling €1.31 to €14.89. The banks have followed suit, AIB falling 23c to €8.68 and Anglo down 22c to €5.51. Bank of Ireland saw its price dip five cents to €5.71 while Irish Life and Permanent remained steady on €6.40.
The construction sector hasn't escaped the downfall as CRH decreased by 48c to €18.50 and Kingspan slipped 16c to €8.14, while oil rivals Dragon Oil and Tullow Oil also fell, down 19c to €3.45 and 44c to €9.40 respectively.
Elsewhere, Paddy Power was another major faller after a 40c decline to €15, while pharmaceutical giant Elan was down 22c to €8.88.
Bucking the trend were business service group DCC, up 20c to €16.20, and Kerry Group, the food firm seeing their stock rise 24c to €19.42.
