Iseq sees 52-point fall in morning trading

Iseq sees 52-point fall in morning trading

The Irish stock exchange has seen a fall of 52.75 to 3,416.74 in morning trading.

Irish bank shares had a negative morning after yesterday's gains sparked by the details of the €54bn Nama buyout of bad debts.

This morning, AIB was down 1.19% or four cents at €3.33, Bank of Ireland slipped 17c to €3.21 and Irish Life and Permanent tumbled 25c to €5.60.

The food and drinks sector seemed to be sufferingalso as C&C went down 11c to €2.95 and food giant Kerry dipped 15c to €19.25.

Elsewhere, business services group DCC has been the largest faller of the day so far with a 40c slump to €18, while building firm CRH decreased by 23c to €19.52.

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