Markets dip across the world

THE ISEQ index dipped 8.62 points to 2,503.19 yesterday in line with other European and world markets.

Stocks were weaker across the board, putting equities on course for their fifth straight monthly decline, as China’s manufacturing shrank and kept fears of a global economic slowdown to the forefront. The euro also fell further against the dollar and yen, falling more than 1%, as risk aversion increased with stocks and commodities falling.

In the financial sector, Bank of Ireland added 0.1c to 7.6c. AIB fell 2c to 4.2c. Irish Life & Permanent fell 0.4c to 3c, while insurance group FBD Holdings decreased 10c to €6.50.

In the construction sector, CRH fell 8c to €11.64. Grafton slipped 1.4c to €2.66. Kingspan gained 10c to €6.25, while Abbey Group was unchanged at €5.20.

Elsewhere, Glanbia remained at €4.45, while Kerry Group was down 21c at €26.20.