ISEQ falls as ECB rates unchanged

THE ISEQ index dropped 27.89 points yesterday to close at 2,919.30. The ECB held its main interest rate at 1% at yesterday’s policy meeting, as the common currency area’s economy showed vague signs of stabilisation.

The Bank of England also left interest rates unchanged at a record low of 0.5%.

In the financial sector, Bank of Ireland remained at 8.5c. AIB added 0.1c to 6.2c. Irish Life & Permanent was unchanged at 2.6c, while insurance group FBD Holdings gained 5c to €7.20.