Market down after positive week

Eurozone markets were mixed yesterday as the week drew to a close and a similar pattern was beginning to form in early US trading.

The Iseq index was among Europe’s laggards, losing 17.07 points to close at 3,663.57. However, the index was in positive territory for the week overall.

The Irish financial sector was weaker on the day as all three constituents were either flat or down. Permanent TSB Group finished the day as it had done on the previous day at 3.5c. AIB and Bank of Ireland were both down, the former lost 0.2c to 6.2c while the latter slipped 0.2c to 13.4c. FBD Holdings added 10c to €12.30.

There was no dominant trend among construction stocks as CRH and Kingspan both gave up ground. CRH was 32.5c down at €16.09, while Kingspan was 0.3c worse at €9.09. Grafton bucked the trend, adding 7c to 4.79c.