Market continues negative slide

THE ISEQ continued its downward trend with stock sales in Anglo Irish the main catalyst.

The Dublin exchange closed 28.89 points weaker at 7,958.86.

Anglo Irish announced pre-tax profits of €375m for the first six months which was in line with analysts’ expectations. Shares declined 28c to €13.47. A similar trend emerged across the sector as AIB dropped 13c to €18.73, Bank of Ireland shed 15c to €14.60 and Irish Life & Permanent gave up 10c to €20.75.