The value of Irish shares plunged by almost 3% by mid-morning today, as the ISEQ index showed a 134.86-point loss to 4,409.81.
The financials all took a hit, with Allied Irish Banks the worst affected, losing 40c to €8.18. Anglo Irish Bank (down 34c to €5.66) and Bank of Ireland (down 30c to €5.58) were not far behind. Irish Life And Permanent was also in the red, slipping 22c to €5.73.
The construction sector saw another loss of investor confidence, as CRH slumped 91c to €17.37. Despite reports of a new supply chain deal, Grafton saw a 26c loss to €3.91. Kingspan was down 16c to €6.66.
The food and drink sector was also down. Kerry Group was the worst performer, showing a 30c loss to €19.70, with IAWS down 25c to €16.45. Glanbia (down 11c to €4.21) and Greencore (down 12c to €2.18) did relatively better.
In a morning which showed no gains of any significance, there were heavy losses for FBD (down 57c to €15.83), Paddy Power (down 52c to €15.67) and DCC (down 24c to €15.90).
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The value of Irish shares plunged by almost 3% by mid-morning today, as the ISEQ index showed a 134.86-point loss to 4,409.81.
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