Financials take brunt of fall

THE ISEQ index mirrored falls in the London market

The financial sector took the brunt of the fall with the financial index loosing 174.69 points to 8732.14.

Allied Irish Banks closed 49c lower at €12.71 as Irish Life and Permanent lost 18c to €13.02. Bank of Ireland fell 1c to €11.91 and Anglo Irish Bank lost 2c to close at €6.44. IFG Group remained unchanged at €1.20 and First Active managed to buck the trend, rising 10c to €4.95.

It was a mixed day for the pharmaceuticals as Elan closed 25c lower at €2.95 and Galen climbed 10c to €6.90. United Drug finished the day 3c higher at €13.50.

In the industrial sector Abbey gained 30c to €4.80 while Kingspan rose 10c to €2.10. CRH fell 1c to close at €14.54.

Elsewhere, Alphyra Group climbed 7c higher to €1.02 and DCC slipped 3c lower to €10.87. Jurys Doyle Hotels fell 5c to €8.80 and Jefferson Smurfit Group lost 4c to finish the day at €2.98. Paddy Power climbed 20c higher to €5.35 and Iona Technologies rose 15c to €1.95.