Financials weigh down market

THE ISEQ index fell for the fourth consecutive day as the financials and Elan weighed down the market. The Dublin Exchange closed 66.51 points lighter at 7820.81.

In the financial sector, AIB fell 40c to €18.95, as profit taking was the order of the day. Bank of Ireland bucked the trend up 5c to €15.08 while Anglo Irish shed 18c to end trading at €13.55. Irish Life & Permanent capped off a poor day for the banks down 5c to €18.30.

Construction giant CRH lost ground, down 11c to €27.25 while Grafton fell 15c to €10.16 and Kingspan lost 10c to €11.90.

Elsewhere, Fyffes announced results that were in-line with market expectations. The company rose 11c to €2.15 as it revalued property assets that now amount to €300m on the balance sheet. Drug company Elan tumbled 95c to €10.21 ahead of Tuesday’s FDA Committee meeting.