Market falters in line with peers

Irish shares fell yesterday in line with other European bourses, having gained on Monday in anticipation of agreement on the second Greek bailout package.

The US market, which was closed yesterday, made mild gains after the €130bn package was officially announced. The ISEQ index dropped 23.54 points to 3,183.72.

The financials were mixed on the day with Bank of Ireland adding 0.2c to 14.8c, while AIB was 0.2c off at 13.3c. Irish Life and Permanent remained steady at 5.1c.

Construction stocks were also mixed, with CRH falling 31c to €16.11. Kingspan and Grafton Group were both ahead. The former added 4.9c to €7.64 while the latter was up 10.5c to €3.30.

Elsewhere, exploration companies performed well with Petroceltic, Petroneft and Kenmare Resources all recording gains.