ISEQ loses €55.3bn in a mere 12 months

A YEAR’s worth of concern over the US subprime mortgage lending market and, by extension, that country’s overall economy has had a very real knock-on effect for global stock markets, with Dublin’s ISEQ being no exception.

The combined value of Irish shares, by close of trading yesterday, was just €59.9 billion.

That means that over the course of the past 12 months, when credit markets began tightening, as much as €55.3bn has been wiped off the value of Irish shares.