Bank profit-taking sees ISEQ slide

The ISEQ index slipped back slightly as the banking sector suffered from profit taking after recent surges. The Dublin Exchange fell 1.55 points to 7152.72.

The financial companies dipped slightly as profit-taking was to the core of trading strategies. Irish Life & Permanent dropped 13c to €16.93 after record highs. AIB and Bank of Ireland also lost ground, down 15c and 9c respectively. Anglo Irish bucked the trend gaining 8c to €12.00.

Elsewhere Ryanair jumped 42c to close at €7.70 with 1.6 million shares traded. Eircom decreased 3c to €1.93.