Market down on Fitch rating

THE Irish market was in the red for a fifth straight day at the end of trading yesterday.

The financial stocks were prominent among the laggards as global ratings agency Fitch placed Ireland on a list of countries vulnerable to a banking crisis. The ISEQ fell 109.37 to 5,989.28.

AIB and Bank of Ireland lost significant ground, down 22c and 19c to €12.95 and €9. Anglo-Irish slipped 34.6c to €7.73, wile Irish Life and Permanent followed trend losing 27c to finish at €11.38.