Market continues downward trend

THE ISEQ Index continued in negative territory yesterday falling 30.81 to 9,542.58.

AIB gained 4c to €22.84. Polish bank BZWBK in whom AIB has a 70.5% stake released first quarter figures yesterday. Net income was 22% ahead of market expectations. Bank of Ireland dipped 3c to €16.27. Irish Life and Permanent was 75c lower at €19.75.

Construction giant CRH declined 23c to €31.60 as US housing data revealed an 8% decline in existing sales. Grafton Group and McInerney were 22c and 15c worse off at €10.95 and €14.95. Kingspan added 15c to €20.35.