Market falls after Greek rebuff

The Iseq Index continued to fall a further 14.6 points to 3148.4 as German leaders provided little in the way of support for extending Greece’s time to implement its reforms, while also throwing some doubt on its support of a deal for Ireland in relation to its banking debt.

Financial stocks were mixed once again with Bank of Ireland and Permanent TSB Group both gaining 1c to 8.6c and 2.5c respectively. By contract AIB dipped 1c to 5c while insurance company FBD shed 7c to €8.68 ahead of its interim 2012 results due next Tuesday.

Constructions stocks were broadly stronger with sector heavyweight CRH rising 6.5c to €14.29 and Kingspan rising 3c to €7.70. Grafton Group bucked the trend giving up 4c to €3.21 on the day.