Small decline in ISEQ

The ISEQ index of Irish shares declined by 27.17 points to 6,109.03 by 10.55am this morning.

The financial sector has had a mixed morning. Bank of Ireland endure the heaviest loss, shedding 32c to €8.06. Allied Irish Bank dropped 14c to €12.90. Anglo Irish Bank (up 5c to €8.60) and Irish Life & Permanent (up 43c to €10.74) both showed modest gains.

The construction sector’s recent revival continued, led by CRH, which jumped 22c to €24. Grafton Group was also in the black, gaining 10c to €4.95. Kingspan slipped back however, down 11c to €6.62.

In the food sector, both Iaws (who announced positive results this morning) and Kerry Group gained 12c to climb to €15.87 and €19.22 respectively.

The biggest gain of the day came for Paddy Power, which soared 1.03 to €23.33. Irish Continental Group also saw an impressive gain of 59c to €20.75.

There were come heavy losses elsewhere however, with Elan falling 36c to €15.53. Dragon Oil dropped 27c to €6.68. Both DCC and FBD were down 11c to €15.25 and €25.75 respectively.

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