Rebound fizzles out

Yesterday morning saw a rebound on the Dublin market as investors began to assess Wednesday’s global interest rate cuts, however as the day wore those gains were eroded with the ISEQ index finishing up a mere 16.60 points at 3,037.79.

Having been up by as much as 49c at one stage during the day, the AIB share price faltered during the afternoon to close down 8c at €4.57. Bank of Ireland followed suit slipping 29c to €2.71. Anglo-Irish and Irish Life and Permanent had a more positive day, tacking on 20.2c and 35c to €2.251 and €3.35 respectively.

The construction sector had another mixed day with CRH and Kingspan seeing gains of 18c and 32c to €15.22 and €5.77. Grafton Group shed 20c to €2.40.