Market falls on stress-test reaction

THE ISEQ index lost more ground yesterday, to close down 35.94 points at 2,825.75.

European markets fell, as the results of Friday’s much awaited stress tests failed to ease fears.

In the financial sector, Bank of Ireland added 0.1c to close at 10.1c. AIB was unchanged at 11c. Irish Life & Permanent gained 0.9c to 5c, while insurance group FBD Holdings gave up 10c to €6.90.

In the construction sector, CRH slipped 10c to €13.60. Grafton Group dipped 3.3c to €2.90, while Kingspan dropped 13c to €6.63.

In other news, Kerry Group announced on Friday it is in exclusive discussions to acquire Cargill’s global flavours business. Shares in the company closed up 20c at €29.50.