BOI leads downward trend on ISEQ

MARKETS in Europe traded mostly in positive territory yesterday. Shares in Dublin bucked the positive trend slipping 1.81 points to 5070.45.

Financial stocks were weaker overall, led by Bank of Ireland. Despite recent share buy backs, the company shed 12 cents to €10.65. Rivals AIB were steady at €12.30. Irish Life & Permanent fell to €13.17, while Anglo-Irish strengthened 10 cents to €13.35.

Elsewhere, Jurys Doyle Hotel Group saw its shares tumble 65 cents to €10.15, following the announcement of its full year results. Pharmaceutical group Elan succumbed to profit-taking after it’s recent strong performance, dropping 10 cents to €10.65. On a positive note, CRH rose 20 cents to €16.75 and Paddy Power gained for a second day, up 20 cents to €8.35.