Market fall mirrored across Europe

THE ISEQ index finished down 37.46 points yesterday at 2,129.35 in line with sharp falls across Asia and Europe as investors dumped shares following another batch of weak economic data and fears that the car market is in serious trouble.

In the financial sector, AIB weakened 9c to 55c, Bank of Ireland fell 5c to 46c, Irish Life and Permanent declined 12c to €1, while insurance group FBD dipped 7c to €6.

In construction, CRH slid 38c to €15.95, Grafton Group shed 5c to €1.66 and Kingspan Group closed at €2.60 a fall of 5c.

In other news, John Holberry managing director of Magners GB (C&C) has resigned. The stock was unchanged at €1.17.