Market joins world decline

SHARES in Dublin plunged further into the mire yesterday. Consistent with world markets, the ISEQ closed lower, falling 50.11 points to finish the day at 3860.

Market joins world decline

Financials were weaker. AIB gave up 20c to 12.35 with Bank of Ireland 11c off at 9.38. Anglo Irish Bank lost 5c to 6.35 while Irish Life and Permanent fell 14c to 10.27. First Active lost a cent to 5.59 as the ISEQ Financial index finished 100.87 points weaker at 7709.69.

In the pharmaceutical sector, Galen extended its gains on the back of news it has received an approvable letter from the FDA for Ovcon. Its shares rose 15c to 5.75, while Elan slipped 23c to 3.55.

CRH was 20c weaker at 11.40 while Kingspan closed 4c off at 1.61. McInerney lost a cent to 1.24 as Grafton gained 2c to 2.94. Elsewhere Greencore fell a cent to 2.60 despite reporting a good start to its current financial year at yesterdays AGM.

Fyffes added 2c to 1.28 while Kerry finished unchanged at 11.55.

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