Slight share recovery as ISEQ up 0.73%

IRISH shares yesterday began to recover part of the losses incurred since the beginning of the week, with the ISEQ recording a marginal 0.73% (21 point) increase, to close trading at 2,908 points.

The ISEQ has slipped by nearly 3% this week, and hasn’t been above the 3,000 point mark since May.

Yesterday’s movement marked the first full day’s trading since international credit rating agency Moody’s downgraded Irish Government debt to ‘junk bond’ status, a move billed as “incomprehensible” by one European Commission official, but tarring us with the same brush as Greece and Portugal.