Miserable morning for ISEQ

The ISEQ index dropped 64.86 points to 7953.16 by 12.45pm this afternoon with little upward movement practically non-existent on the exchange.

The financials reflected the overall mood, although all but Irish Life & Permanent, who plummeted 35c to €18.85, managing to avoid any major drops. Allied Irish Bank slid 17c to €20.13, whilst Bank of Ireland dropped 13c to €14.52. Anglo Irish Bank fared somewhat better, shedding a mere 9c to fall to €12.46.