Irish stocks index caps lacklustre 2016

Irish stocks are headed into a loss of up to 4% in 2016, after a year of almost two halves in which prices tried to claw back the huge losses suffered following the UK’s Brexit vote in late June.

The Iseq Overall index of Irish shares, which traded lower yesterday to around 6,490 and which is down 4.5% since January, however, performed much better than some of its constituent parts that were exposed to the slump in the value of sterling against the euro.