Market falls after profit-taking

THE Irish market fell yesterday as investors moved into profit-taking mode. An overnight rally on US and Asian markets reflected positive sentiment for the US Treasury.

Departments continued efforts to bring the banking problem under control. Despite this, the ISEQ index dropped 24.58 points to 2,138.83.

The financials continued to perform well, despite the market overall lagging. AIB gained 2.4c to 72.4c, while Bank of Ireland and Irish Life and Permanent followed suit moving on 3.5c and 3.5c to 55c and e1.30c.