Financials bear brunt of fall

THE Irish Index of shares followed the global indices as it fell 64.28 points to 4205.08. Yet again the financials took the brunt of the fall as the financial market slipped 167.92 points lower to 8337.45.

Bank of Ireland shed 32c to close at €10.88 and Allied Irish Banks fell 19c to €12.47. Irish Life and Permanent, and Anglo Irish Bank both lost 11c to close at €12.79 and €6.17 respectively. First Active fell 5c to €4.70 and IFG Group closed 3c lower at €0.85.

In the food sector Glanbia gained 5c to close at €1.65 and Greencore rose 9c to €3. Fyffes slipped 1c lower to €1.48 and IAWS lost 20c to finish at €7.60.