Financial shares flounder

THE Irish Index of shares fell yesterday. The ISEQ closed 50.39 lower to 3875.96 points.

Irish financial shares performed poorly led by Irish Life & Permanent which lost 51c to €11.64.

Other banks which closed in negative territory included Anglo Irish Bank down 13c to €6.12, Allied Irish Bank 7c lower to €12.43 and Bank of Ireland off 5c to €10.15. Overall the Irish Index for Financial shares fell 86.26 to 8008.79 points.