ISEQ value falls €1.9bn

THE value of the ISEQ index of shares on the Irish Stock Exchange fell by €1.9 billion yesterday as shares in all sectors, bar technology stocks, fell.

The 2.9% drop was the steepest since February 4 of last year. More than two stocks fell for each one that rose but the value of 18 stocks were unchanged.

The massive fall in the value of Ryanair shares, following its warning that profits will fall by 10%, accounts for a major portion in the fall of the value of the index of Irish registered companies listed on the exchange.