Irish shares show worst performance in six years

THE worst January performance on the Irish stock market in six years has brought its 12-month loss to more than 27%.

The ISEQ shed a further 3.9% in January, with financials the hardest hit, down 6.8%, while industrials lost 1.7%, according to Davy Stockbrokers.

However the January outcome for the ISEQ still represents an out-performance of 8.9% over the FTSE Eurofirst 300 index, making the ISEQ the top-performing developed market in Europe for the month.