Bourse hit by global drop

THE ISEQ index followed the continuing global trend slipping 42.75 points lower to 4348.6.

The financial index closed 30.79 points lower at 8718.69.

Bank of Ireland fell 34c to 11.36 and First Active lost 15c to 4.35. Both Allied Irish Bank and Irish Life and Permanent closed 12c lower at 12.63 and 13.68 respectively. However, Anglo Irish Bank bucked the trend rising 1c to 6.41 and IFG Group gained 5c to 1.50.

In the industrial sector DCC rose 10c to 10.70 and Kingspan closed 3c higher at 2.15. CRH slipped back 9c to 16.29 and Jefferson Smurfit Group closed 6c lower at 2.86.

It was a good day for the food sector. Greencore rose 5c to 2.80 and IAWS gained 1c to 7.86. Kerry Group closed 5c up at 14.90 but Glanbia fell 2c to 1.34.

Other movers on the day include Ryanair, which lost 20c to 5.67 and Independent News and Media, which fell 5c to 1.75. Galen Holdings slipped 60c lower to 4.75 and Elan closed 25c down at 1.95.