Market down on light trading

THE ISEQ index dipped 12.64 points to 2,682.36 in relatively light trading.

In the US, Federal Reserve chairman Ben Bernanke said the economic recovery has slowed and that persistent high unemployment is a central concern for the Fed. He added that more supportive measures will be “contingent on incoming information about the economic outlook and financial conditions”.

In the financial sector, AIB dropped 1.8c to 41c. Bank of Ireland gave up 2.1c to 59.9c. Irish Life & Permanent Group added 1c to €1.57, while insurance group FBD Holdings also added 1c to €6.25.