ISEQ down as tech sector suffers

The ISEQ index followed the worldwide negative trend this morning as technology stocks took a pounding in the US.

The Dublin market was down 56.63 to 6096.63 by noon. Icon stock lost nearly half of its value, shedding €12.16 (41.59%) to €17.08.

AIB and Anglo Irish were hit hard, losing 18c and 15c to €16.54 and €19.30 respectively.

Bank of Ireland, however, gained 2c to €12.40, while Irish Life & Permanent was unchanged at €13.85.

It was also a bad morning for the building sector. CRH was down 45c at €20.55 while Kingspan was down 4c to 9.50 as it announced the completion of its acquisition of Century Homes.