ISEQ down as dismal year ends

The Dublin index closed down 7.5 points at 2,343.27 for the last trades on the ISEQ for 2008.

The combined value of Irish financial stocks has dropped from €36.44 billion to just €3.2bn in the last 12 months.

Among the financial stocks, Anglo Irish Bank fell 3 cents to 17c, Allied Irish Banks gained 6c to €1.73, Bank of Ireland fell 2c to 83c and Irish Life and Permanent fell 3c to €1.57.

In construction, CRH stayed level while Kingspan gained 7c, or 2.19%, to €3.04. McInerney fell 2c to 17c.

Other movers were Elan up 2c to €4.17, Ryanair up 1c to €3.06, C&C up 4c to €1.44 and Glencar up 1c to 4c.