Market down ahead of banks’ EGMs

THE ISEQ index fell 38.07 points yesterday to close at 2,807.59.

Bank of Ireland is to hold an extraordinary general meeting of shareholders early in 2010, with a recommendation from the bank’s board to approve the bank’s participation in NAMA. AIB is also holding an extraordinary general meeting on December 23 to discuss NAMA.

AIB dropped 9c to €1.55, Bank of Ireland also shed 9c to €1.61, Irish Life & Permanent decreased 22.6c to €3.25, while insurance group FBD Holdings was 27c weaker at €6.70.