The ISEQ in Dublin closed down 22 points to 5223 with Ryanair dropping over 3%.
The banks put in a mixed performance. AIB closed up 2c to €12.00. Goodbodys, which is owned by the bank, said they were to outsource its clearing and settlement operations to Pershing, a subsidiary of Bank of New York.
BOI moved up 3c to €10.03 on busy trading and ahead of next week's results. Anglo continued to fall, slipping 4c to €13.46. Irish L&P moved down 5c to €13.00.
Building materials group CRH moved down 5c to €17.69, despite a positive trading update yesterday. Grafton shed 7c to €6.23 and Heiton gained 7c to €4.97.
Ryanair shed over 3%, moving down 12c to €4.36, despite saying today that passenger numbers for April increased 45% to 2.14 million, on the same month last year. The load factor -- passengers as a proportion of the number of seats available -- was 82%, up from 79%, and making the yearly figure 81%.
Elsewhere, Tullow oil moved up 4c to €1.55 and Independent News & Media was busy, slumping 4%, or 8c, to €1.87.
The FTSE 100 fell 53.3 points to 4516.2 this evening, after the Bank of England rised interest rates to 4.25%. Although the quarter-point hike in the cost of borrowing to 4.25% had been well flagged, analysts noted the accompanying statement that said inflationary pressures were likely to build as the economic recovery takes hold.
Oil stocks closed up after the price of crude reached a new 13-year high overnight. Shell advanced 2.25p to £4.05 and BP moved ahead 1.75p at 499.75p.
Heading the fallers board was British Airways, moving down 4%, as investors digested the latest monthly passenger figures.
The day’s biggest risers were bookmakers William Hill, up 7.75p at 546.75p.
Elsewhere in Europe the mood was bleak after the BOE rates decision and crude prices hit fresh 13-year highs. The CAC in Paris shed nearly 2% and the DAX in Frankfurt was 2.80% to the bad.
On Wall Street just now the Nasdaq is trading down 29 points to 1927 and the Dow is down 114 to 10196, as the market waits on key job data to be released tomorrow.