Market slips but peers advance
US markets were trading higher as European markets closed. The Iseq index bucked the trend among its peers. The market closed down 11.15 points at 3,721.64.
Irish bank stocks moved lower on the day as press reports indicated that the Central Bank is to contact banks with a view to creating a workable burden-sharing arrangement for problem loans. The move comes in light of the recent publication of the personal insolvency legislation. AIB remained flat at 6.4c, while Bank of Ireland and Permanent TSB Group both lost ground. The former shed 0.2c to 13.3c and the latter gave up 0.5c to 3.2c.
