Market down for fourth straight day

THE Irish market dropped for the fourth consecutive day yesterday as investors continued to be cautious.

Global markets were all weaker ahead of this weekend’s G20 summit in Toronto. Differences between the United States and Europe on the main objectives to achieve economic recovery left markets uneasy throughout the day. The ISEQ closed down 31.30 at 2,946.00.

In the financial sector, Bank of Ireland shed 1c to 71c. AIB lost 1c to 97c. Irish Life & Permanent tacked on 3c to €1.68, while insurance company FBD Holdings dipped 5c to €6.60 in light trading.