Market closes in negative territory

European bourses were broadly in negative territory yesterday as mining stocks and oil producers weighed on the market.

Investors in the region are believed to have engaged in profit-taking ahead of a week of intensive discussions around the region’s debt problems. The Iseq index lost 23.71 points to close at 3,177.53.

AIB and Permanent TSB Group both made gains, adding 0.2c and 0.3c respectively to 5.3c and 2.7c. Bank of Ireland was unchanged at 9.1c