Iseq falls despite Ovoca surge

The Dublin Stock Exchange saw a sharp dip this morning despite a soaring performance from metal exploration firm Ovoca Resources.

The Iseq was down 40.48 points to 9,559.24 by 11am this morning while Ovoca saw their stock fly up by €167.59c to €167.75.

However a negative morning in the financial sector along with a mixed morning in construction negated the Ovoca performance.

AIB saw their stock fall 13c to €22.93 while Anglo Irish Bank fell 10c to €16.05 and Irish Life and Permanent dipped eight cents to €21.42. Bank of Ireland slipped three cents to €17.59.

Building material group CRH saw the biggest slump of the day so far with a 35c fall to €31.40 rivals Grafton rose 17c to €12.60.

Low-cost airline Ryanair and shipping group Irish International both dipped by 18c to €11.80 and €15.70 respectively, while drinks firm C&C had a lesser fall of 14c to €11.73.

Businees support company DCC had a positive morning with a 45c increase to €24.75 while food group IAWS climbed 32c to €18.99.