Dublin market down again

YESTERDAY saw the Dublin market in negative territory again as the bank stocks weighed heavily, following the trend of other European Bourses. The ISEQ index fell 42.77 points to 2,810.68.

All four major Irish banks lost ground. AIB and Bank of Ireland dropped 30c and 3.1c respectively to €3.30 and €1.514. Anglo-Irish slipped 3.4c to €2.01, while Irish Life and Permanent gave up 53c to €2.07.

In the construction sector, CRH tacked on 58c to €17.19 despite announcing a worse than predicted pre-tax profit fall in the low to mid teens. The company pointed toward worsening global conditions but did indicate plans to strengthen its capital position were being formulated. Grafton Group and Kingspan on the other hand shed 4.5c and 8c to €2.68 and €4.30 respectively.