Market falls as shares sold off

THE ISEQ index yesterday dropped 41.13 points to 2,946.05 as investors chose to cash in some profits on bank shares after last week’s modest rally.

Otherwise, it was a relatively quiet day on the Irish market with nomajor newsflow.

In the financial sector, AIB fell 8.7c to €1.85, Bank ofIreland weakened 10.2c to €1.77, Irish Life & Permanent relinquished 20.5c to finish at €4.44 while insurance group FBD Holdings slipped 1.2c to €6.88.