ISEQ slips as financials under pressure

The ISEQ index has slipped back in morning trading today, as financial stocks were all in decline in Dublin today.

The ISEQ slipped 6.04 to 5,624.16 at 11.44am.

Allied Irish Bank shares slipped 5c to €13.85 while Bank of Ireland shares were down 9c to €10.90.

Shares in Anglo-Irish Bank also suffered, falling 12c to €14.85 while Irish Life & Permanent was the one financial share to buck the trend, climbing 4c to €13.10.

Elsewhere shares in building materials group CRH climbed up 5c to €19.17.

Pharmaceutical giant Elan slipped 5c to €17.75. Elan has just sold its stake in another Irish pharmaceutical giant, Warner Chilcott (formerly Galen).

Ryanair shares are up 7c to €3.74. Ryanair today announced it is moving the date of the release of its half year results from November 1, 2004 to November 2.

The most traded shares so far today are AIB, Bank of Ireland, Ryanair, United Drug and Jurys.