Market falls back after earlier gains

THE ISEQ index followed the London and New York markets lower, closing down 80.48 at 4,876.15.

The latest falls are primarily as a result of new figures from the US National Association of Realtors, which said US home sales resumed their decline last month after a slight bounce in May.

AIB fell 30c to €8.10, Bank of Ireland lost 30c to €5.60, Anglo Irish Bank dived 54c to €6.04, while Irish Life &

Permanent weakened to €5.07, a decline of 28c.

In the construction sector, CRH dropped 19c to €16.96, Kingspan shed 5c to €6.68, while Grafton Group fell 21c to finish at €3.50.