The ISEQ index of Irish shares inched down 4.67 points to 2,900.80 by 11.15am today.
The financials all lost ground. Irish Life and Permanent was the biggest faller, sliding 14c to €2.80. Allied Irish Banks fell 4c to €1.10, and Bank of Ireland slipped 1c to €1.28.
The only other significant loss however came for Smurfit, shedding 17c to €6.53.
Paddy Power enjoyed the biggest gain of the day, rocketing 50c to €23.95, with Kerry Group (up 49c to €21.85) close behind. Tullow Oil climbed 22c to €13.85 and FBD improved 10c to €6.