Market records minor slippage

The Irish market fell yesterday. The Iseq index followed the trend among many of its European peers falling around 0.25% or 7.57 points to 3,217.60.

Market records minor slippage

Markets were jittery as US Federal Reserve chairman Ben Bernanke delivered official testimony before the Senate Banking Committee outlining opinion on the state of the US economy.

The banking sector was broadly negative as AIB and Bank of Ireland gave up ground. The former shed 0.2c to close at 5.4c while the latter was 0.1c off at 9.2c. Permanent TSB Group bucked this trend by tacking on almost 10% or 0.2c to finish at 2.3c. Insurance group FBD Holdings was also a minor positive, up 3c to €7.88.

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