Market slips on back of US data

THE ISEQ index was down 140.92 to 9,027.31 on the back of negative subprime mortgage data emanating from the US.

The financials reacted negatively to this news-flow as AIB shed 25c to €20.05, Bank of Ireland followed suit shipping 17c to €14.93. Irish life and Permanent and Anglo- Irish lost 29c and 27c to close at €18.50 and €14.55.

The main development in construction was that McInerney showed a gain for the third day running, the stock was up 6c to €2.39. CRH closed down 10c €34.90.