ISEQ slips back after recent gains
The financials doled back yesterday's gains today after speculation increased that the eurozone rate is heading for a cut.
The underperforming sector weighed on the ISEQ to close down 8 points to 5,181.
BOI slipped 19c to €10.40 as effects from its positive trading statement wore off.
Irish L&P fell 25c to €13.30. Anglo stayed put at €12.83, with yesterday's gains nowhere to be seen and AIB followed the downward trend, shedding 13c to €12.02.
Personal care company IWP was up 1c to €0.33 following its EGM today.
Barlo moved up 1c to €0.47. Tony Mullins formally withdrew his MBO bid for the company this evening in light of recent Sean Quinn bid being accepted by the company.
Tulow had it's shares canceled on the Irish and London stock exchanges today as it prepared to launch a $500m bid for South African oil company, Energy Africa.
Meanwhile fellow oil stock Dragon Oil moved up 2c to €0.56 busy as it basked in its compatriot's attention.
Currently popular, pharmaceutical company Elan moved up 47c to €16.60. Ryanair was busy, closing up 15c to €4.72 after announcing a 30% growth in UK flights and in light of Lufthansa's good results yesterday.
Building stocks were mixed. CRH moved down 12c to €16.56 while peers Heiton and Kingspan moved up 15c to €4.85 and 6c to €4.19 respectively.
McInerney was the star here increasing 27c to €4.87.
