Markets continue downward march

GLOBAL stock markets continued their relentless drive lower yesterday after initial European rallies were wiped by the continuing weakness of the US indices as investors failed to see value in the market.

In Dublin, Bank of Ireland was the main loser, dropping 68 cent to 11.47 while AIB also shed 35c to 11.75.

Over the course of last month’s bloodbath on the ISEQ, the financials and the other heavy-hitters which make up the lion’s share of the index have sustained massive losses.