ISEQ avoids the worst of European falls as concerns over credit crisis continue

DUBLIN’s ISEQ index of shares dipped by 1.5% — or 42.77 points — to just over 2,810 points yesterday, but still managed to escape the worst of the stock market falls seen internationally after another day of growing concerns emanating from the credit crunch.

In comparison, London’s FTSE lost 3.6% — even though it featured a 6% daily share price rise for mobile phone network provider, Vodafone on the back of an upbeat interim management statement.

The CAC 40 index in Paris fell by 4.8%, while the other premier European market, the DAX in Frankfurt suffered a 5.3% reverse.