Market closes lower as rates rise

THE ISEQ Index suffered yesterday as the sell off of the Irish market continued, fuelled by higher interest rates.

The banking sector had a generally poor day with AIB falling 1c to €21.17 while Anglo Irish lost 39c to close at €16.63. Bank of Ireland bucked the trend adding 5c to close at €15.20 leaving Irish Life & Permanent to close 6c lighter at €18.92.

CRH slipped 35c lower to end the day at €35.60. Kingspan climbed 17c to €21.25 and Grafton weakened during the session, down 19c to €10.96.