Slow US trading leads to late shares sell-off

THE ISEQ eased back from record all-time highs yesterday as it finished the day down 5.40 points — or 0.07% — to 8,197.47 as slow trading in the US led to some late selling-off of shares on the Irish market and profit-taking among investors.

However, shares have now rebounded strongly from the turbulent days of the summer when the exchange dipped below the 7,000 mark as it was weighed down by jitters in the global equity markets.

At the end of August, shares broke through the 8,000 level for the first time since May and have continued their upward trend over the past number of weeks.