Market slips despite early gains

THE ISEQ index yesterday shed 10.20 points to close at 4,558.85.

The index was up over 100 points in the morning but fell back in the afternoon with some profit-taking and the US markets opening weaker after shares in Lehman Brothers fell 35% in New York trading after talks about a capital infusion from Korea Development Bank ended.

In the financial sector, AIB ended down 5c at €8.75, Bank of Ireland gained 3c to €5.90, Irish Life & Permanent shed 12c to €7.16 while Anglo Irish Bank weakened 10c to close at €5.70.

In construction, CRH lost 19c to €18.70, Kingspan added 10c to €8.30, while Grafton gave up 15c to €3.55.