Market falls as peers add value

THE ISEQ index dipped 1.54 points to end the session at 2,674.19 yesterday. Other European shares rose by midday as miners rebounded on a weak dollar.

In the US, stocks advanced following Tuesday’s slide, buoyed by some strong earnings results. The rally was also triggered by China’s interest rate increase and concerns that banks will need to buy back more bad mortgages.

In the financial sector, AIB shed 0.4c to 39.6c. Bank of Ireland dipped 0.7c to 58.3c. Irish Life & Permanent Group added 1c to €1.60, while insurance group FBD Holdings closed down 0.3c at €6.29.