Market continues decline
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
Following the EC’s conclusion that Ryanair benefited from illegal state aid at its hub in Charleroi its stock fell 8c to 6.28.
Other movers included Paddy Power down 10c at 5.05 and Jurys Doyle off a cent at 7.37 and DCC falling 10c to 10.50.
