ISEQ finishes the day 19 points down

On the day when trading in the new ISEQ 20 ETF started, the ISEQ slipped 19.35 points to 5,972.06.

The ETF is the first exchange traded fund to be listed on the Irish Stock Exchange. It will allow both retail and institutional investors to invest in a portfolio of 20 of the most liquid and largest stocks on the Irish stock market at a low cost.

Shares in the ETF ended their first day down 8c at €12.10.

The financials had a bad day with falls all around today.

Shares in AIB dropped 8c to €16.14 while Bank of Ireland shares are down one cent to €12.19.

Anglo Irish Bank shares tumbled 17c to €19.23 while Irish Life & Permanent shares dropped five cent to €13.45.

Meanwhile hotel group JurysDoyle recovered some of its early fall today to finish seven cent down to €12.30.

However, the day got worse for food giant Kerry whose share price dropped 30c to €18.80.

Elsewhere shares in Ryanair have climbed, up four cent to €5.81.