Iseq bucks European trend with fall

European markets closed up yesterday on the back of good US retail sales figures released over the weekend.

The Iseq fell 8.87 on 3,232.11. This is for the most part due to investors’ and commentators still digesting the news coming from the IMF meeting in Tokyo over the weekend.

A very quiet day for the Irish financials saw AIB slipping back a fraction to close on 5.4c. Permanent TSB Group and Bank of Ireland remained unchanged from their previous close of 9.3c and 2.5c.

Shares in the construction sector regained some of Friday’s losses. CRH came back 10c to close at €13.90 and Kingspan was up 8c, closing on €8.09, while Grafton remained at €3.47. In other news, Independent News and Media gained 5% to 10.5c, while Abbey fell 3.8% or .25c to close at €6.40c.