Drop for ISEQ

The ISEQ index was down 31.24 point 8997.39 to by 11.30am in a busy morning for the Irish Stock Exchange.

The financials performed poorly, with Bank of Ireland plummeting 32c to €14.60. Irish Life & Permanent endured a 13c drop to €18.52. There were minor falls for Allied Irish Bank (down 2c to €20.03) and Anglo Irish Bank (down 3c to €14.55).

It was a generally good day for the food sector, with gains for Donegal Creameries (up 15c to €7.10), C&C (up 13c to €8.80) and IAWS (up 10c to €15.90). Kerry Group bucked the trend, falling 25c to €20.55.

Elsewhere, both Kingspan and Paddy Power (no doubt influenced by massive payouts following Padraig Harrington’s Open win) both dropped 10c to €19 and €23.65 respectively.

Irish Continental Group was the best performer of the day so far, shooting up 25c to €24.

FBD was up 20c to €29.30. Elan slipped 17c to €14.49, with DCC down 14c to €23.30.