Market continues decline

THE ISEQ index continued its decline yesterday, breaking the 4000 level to 3985.95, a fall of 38.65 points.

The banks suffered further losses. Bank of Ireland lost 20c to 9.65 while Allied Irish Bank fell 27c to 12.90. Anglo Irish Bank was 1c off at 6.85. Irish Life and Permanent added a cent to 10.53. Overall, the ISEQ Financial Index dropped 128.47 points to 8006.17.

Construction sector stocks were mixed. Grafton lost 4c to 3.33 while Kingspan fell 5c to 1.85. CRH and Heiton fared better, with a 10c gain to 12.65 and 2.50 respectively. Elsewhere, IAWS closed 7c higher at 7.75, followed by Glanbia with a 5c gain to 1.50. Kerry fell back by 8c to 12.32 while Fyffes eased a cent to 1.26