ISEQ on the slide

The ISEQ declined by 60.59 points to 7390.13 at the close of business today, following a subdued session of trading.

The financials generally followed the overall trend, following a damning report from the Financial Regulator today. Bank of Ireland did worst, dropping 20c to €13.74.

Allied Irish Bank endured a 15c loss to €18.59, with Anglo Irish Bank down 10c to €11.45. Irish Life and Permanent bucked the trend, climbing 10c to €17.65.

The construction sector suffered following positive trading yesterday as ESRI warnings on the industry unnerved investors. CRH was the biggest faller in the Irish market overall, sliding 36c to €25.09.

Grafton also lost ground, dropping 20c to €9.90. Kingspan share price took a 12c hit (down to €13.08) following news that the Competition Authority is to investigate the firm’s acquisition of Leanort Group.

Elan registered the only significant gain of the day, up 39c to €10.94.