Market down on eurozone worries

THE ISEQ index fell 13.85 points to 2,447.93, while European shares extended losses, with banks hitting a 29-month low on worries about the politicalhandling of the eurozone debt crisis.

Wall Street also opened very weak as investors in the US remain nervous about Europe’s contagion issues.

In the financial sector, Bank of Ireland was unchanged at 7.7c. AIB fell 0.2c to 4.5c. Irish Life & Permanent gave up 0.5c to 2.5c, while insurance group FBD Holdings followed suit with a loss of 4.4c to €6.45.

In the construction sector, CRH improved 19c to €11.31. Grafton Group gained 7c to €2.70, while Kingspan added 3c to close at €6.03.

In other news, mining firm Kenmare Resources said it has achieved technical completion at the Moma Titanium Minerals Mine in Mozambique, a major milestone towards releasing its loan guarantees for the project. The shares closed up 3.9c at 49.1c.