Iseq closes in line with markets

The Iseq index edged up 3.86 points yesterday to close at 3,170.70, in line with European and world markets.

The EU’s executive has said that the eurozone’s economy is heading into its second recession, warning that the currency area has yet to break its vicious cycle of debt. Four of the biggest banks in the region revealed that they lost more than €8bn from Greek bond holdings.

In the financial sector, Bank of Ireland slipped 0.4c to 13.4c. AIB dropped 0.4c to 12.8c. Irish Life & Permanent was unchanged at 4.5c, while insurance group FBD Holdings gained 15.1 to €8.25.