ISEQ slumps in early trading

The value of Irish shares plummeted by almost 1.5% today, as the ISEQ index fell by 109.67 to 7505.87 by 10.50am.

The financials bore much of the brunt of the negative mood, with Allied Irish Bank the worst hit, down 40c to €15.95. Anglo Irish Bank was not far behind, shedding 38c to €10.75. Bank of Ireland (down 29c to €11.53) and Irish Life & Permanent (down 24c to €13.84) have had better days.