Another day of woe for ISEQ

The Irish Stock Exchange continued to feel the effects of the Chinese market fall today, despite that market recovering by 4% this morning.

The ISEQ index slumped by 1.34% to 9408.68, down 127.55 points.

The financials reflected the overall mood of the market, with some significant losses. Anglo Irish Bank escaped relatively unscathed, slipping a mere 7c to €16.02. Bank of Ireland fared worst, down 35c to €17.25, with Allied Irish Bank (down 23c to €22.25) and Irish Life & Permanent (down 18c to €21.42) not far behind.

The traditionally strong building sector was far from immune, enduring some of the worst declines of the day. CRH plummeted 70c to €31.55, with Kingspan falling 47c to €20.60. Grafton was down 28c to €11.92, with Abbey slipping to 13c to €11.87.

Icon saw more than 7.5% wiped off its share value, down €2.50 to €30.50, with DCC down 45c to €25.50.

The energy sector did relatively well with Dragon Oil down 10c to €2.58, and Tullow Oil declining by 13c to €5.46.

Ryanair bucked the trend in the travel sector, gaining 12c to €5.76. Competitor Aer Lingus slipped 4c to €2.79, with Irish Continental dropping a full 25c to €15.70.

There were not many success stories on the Exchange today, but IAWS Group were top of the tree, jumping 15c to €17.57. Elsewhere in the food and drink sector, C&C collapsed by €1.13 to €10.50, with Kerry Group down 12c to €20.

The only other significant gain was FBD Holdings, who jumped 14c to €41.44.