Iseq sheds 1.2% as it follows European downward trend

European equity markets were down across the board yesterday as political uncertainty surrounding Greece and falling oil prices pushed markets lower.

The main Greek index was down 5.6% at the close. The main bourses in France, Spain and Portugal were down over 3.0% while the Italian market was down 4.9%. The Iseq was down over 1.2% at the close. It shed 63.68 points to close at 5,165.01. Yesterday also saw the price of oil drop to its lowest level since April 2009.

In Irish financials, Bank of Ireland decreased by 2.8% to close at 30.8c while Permanent TSB decreased by 3.2% to close at 6.1c. AIB was flat on the day, closing at 8.4c. FBD decreased by 1.4% to close at €11.60.