ISEQ ends in negative territory

The Irish Stock Exchange ended the day’s trading 21.28 points down today, to finish at 8297.88 by close of business.

The financials had a reasonably good day overall, with decent gains for Irish Life & Permanent (up 24c to €17.61) and Anglo Irish Bank (up 10c to €13.90). Allied Irish Bank (down 5c to €18.20) and Bank of Ireland (down 4c to €13.23) endured only minor losses.

Yesterday’s downbeat forecasts saw the construction sector lead the downturn in the ISEQ index.

CRH suffered the biggest loss of the day, plummeting 90c to €30.45. Kingspan (down 45c to €17.85) also had a poor day, although Abbey and Grafton both slid just 15c to finish on €9 and €9.45 respectively.

There was positive news elsewhere, with Elan shooting up 41c to €14.83, the best gain of the day. Cpl Resources enjoyed a 12c jump to €6.25, with Tullow the remaining gain of note, climbing 10c to €8.20.

Paddy Power slumped 26c to €23.74, with Kerry down 10c to €19.