Market stays on downward trend

CONFIDENCE in the Irish market continues to ebb as investors seem to be subjected to fresh revelations about the state of our banking system on a daily basis. The ISEQ index fell another 26.65 points to 2,049.90.

Yet again the financials were foremost among the market laggards. AIB shed 0.3c to 59.7c ahead of next week’s 2008 final results. Bank of Ireland and Irish Life and Permanent followed suit, losing 3c and 8.9c to 30.7c and 95c.

In the construction sector, CRH gave up 6c to €15.16 while Grafton Group lost 4.5c to €1.27. Kingspan remained stable at €2.08.