Banking stocks take most damage

SHARES in Dublin closed in weaker territory for the seventh day running with profit taking and uncertainty weighing on the market. The ISEQ gave up 77.94 points to 6667.32 with the banking stocks taking the most damage.

The financial stocks were hit hard as cautious investors took profits. The sector shed 204.83 points overall with AIB and rival Bank of Ireland both finishing lighter dropping 28c and 20c respectively.

In the second line, Anglo Irish dipped 30c while Irish Life and Permanent slipped 10c to €15.00. Other movers on the day including C&C which saw share holders cash in recent profits, softening 21c to €5.42.