Market declines by small amount

The market declined by 0.64 points to 3,216.96 yesterday.

This bucked the trend seen among its European peers. US markets continued to be nervous in the wake of yesterday's testimony by FED chairman Ben Bernanke. Based on Mr Bernanke’s speech, some commentators believe that further quantitative easing may not be introduced until after the US presidential election in November.

Bank stocks were mixed. AIB remained steady closing for no change at 5.4c. Bank of Ireland was 0.1c ahead at 9.3c while Permanent TSB was a laggard, shedding 0.1c or 4.3% to 2.2c.