Market retreats following gains

THE ISEQ index lost some of the ground gained on the previous two days yesterday closing down 89.98 at 7,380.85.

In the financial sector, AIB shed 28c to close at €18.37 while Bank of Ireland climbed 8c to €13.78 after announcing a strong performance for the first quarter of this year at it AGM. Irish Life & Permanent slipped 25c to €17.55 while Anglo Irish added 3c to €11.33.

Construction giant CRH lost 69c to €25.10 as negative news flow from the US continues to affect the company. Grafton dipped 10c to €9.80 and Kingspan weakened 45c to €13.05.