ISEQ down 2%

ISEQ down 2%

The value of Irish shares plunged by 2% today, as the ISEQ index fell 61.70 points to 2,974.99.

In the financial sector, Irish Life and Permanent showed a rare loss, down 20c to €4.90. Bank of Ireland shed 10c to €2.28, with Allied Irish Banks inching down 1c to €2.40.

The only significant gain of the day came for Irish Continental Group, climbing 50c to €12.50.

It was a bad day for the construction sector. CRH was the biggest faller, closing 54c down €16.96. Kingspan (down 17c to €5.85) and Grafton (down 13c to €3.62) also fared badly.

Tullow Oil endured the Exchange’s steepest loss, crashing 70c to €11.80.

DCC and Paddy Power both shed 25c to finish on €16.05 and €18.60 respectively.

Pharmaceutical giant Elan was 14c down 14c to €5.01.

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