Shares across the eurozone traded down yesterday.
The catalyst was Danish healthcare company Novo Nordish, whose new diabetes drug received an unfavourable decision from US regulators. Closer to home, the devaluation of the Venezuelan currency has written €142m off Irish packaging company Smurfit Kappa’s net assets. Its stock traded down 30c to close on €10.77. The Iseq fell 27.42 points to close on 3,578.82.
It was another mixed day for the financial sector, AIB was the day’s only winner adding 0.2c to 6.6c. Bank of Ireland shed 0.3c to 13.2c and Permanent TSB Group was flat on 3.5c. Irish insurer FBD holdings closed on €11.42 down 10c.
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