Shares decline for tenth day

SHARES in Dublin fell yet again making it the 10th consecutive day in negative territory. The banking stocks were the main catalysts for the fall. The ISEQ shed 38.07 points to 6605.71 at the closing bell.

The financial sector continued on the downward curve, down 64.41 points overall on the day. AIB and Bank of Ireland both slipped, down 15c and 5c. In the second line, Anglo Irish managed a 6c increase to €11.31 while Irish life and Permanent dipped 25c to €14.60.

A mixed day in construction left CRH 33c lighter at €21.47 while Grafton Group and Kingspan both rose, adding 11c and 4c respectively. McInerney gave up 10c to €8.80. Elsewhere, the Jurys Doyle group softened 38c to €18.72 following the announcement that the Doyle family gained a majority shareholding after buying property developer Liam Carroll’s stake. Pharmaceutical company Elan added 19c to €6.99.