Market down as shares sold off

THE ISEQ index plummeted 84.89 to 3,369.89 points yesterday in line with world markets as the recent rallyfizzled out.

Investors were keen to pocket gains and were also cautious as key economic data is due to be released this week. The official employment data for the second quarter and the release of second-quarter GNP data are the two main publications this week.

In the financial sector, AIB weakened 11c to €3.19, Bank of Ireland declined 18c to €3.07, Irish Life & Permanent shed 5c to €5.20, while insurance group FBD Holdings increased 7c to €7.96.