ISEQ falls 1.2% in day of uncertainty

THE ISEQ fell by nearly 1.2% yesterday on a day of further uncertainty over the restructuring of the country’s banks, further rises in bond yields and continued weakness in the euro.

Wednesday’s marginal rise in Dublin was wiped out by a 1.17% (31.4 point) reversal that brought the exchange down to 2,655 points.

The banking stocks again had a varied day — AIB down by 2c (nearly 6%) to 32c; Bank of Ireland up by 1c (2.41%) at 27c; and Irish Life & Permanent (IL&P) down 4c (5.56%) at 60c.