Market again performs weakly

A DISMAL week for the Irish market continued yesterday as the ISEQ index dropped a further 23.42 points, coming to rest at 9,149.91.

The first four days of this week have now seen approximately €4bn wiped off the value of Irish shares.

Despite continued negative sentiment surrounding the Irish housing market and US sub-prime lending, the financial sector was slightly up. AIB and Irish Life & Permanent both gained ground adding 13c and 1c to finish at €20.26 and €18.16. Bank of Ireland and Anglo-Irish slumped 3c and 5c to €14.62 and €14.30.