Big fall for ISEQ

The value of Irish shares fell by more than 1% today, as the ISEQ index dropped 80.25 points to 6,065.64 by close of trade today.

The financials all lost ground. Anglo Irish Bank was the biggest faller, sliding 25c to €8.35. Irish Life And Permanent was not far behind, shedding 18c to €10.68. Allied Irish Banks was down 8c to €12.94, with Bank of Ireland down 5c to €8.10.

There was a lot of movement in the food and drink sector. C&C jumped 21c to €5.21, with Donegal Creameries gaining 10c to €6.15. Kerry Group lost 10c to €19.55, however.

The rest of the Exchange saw some heavy losses with Elan the biggest casualty, losing 46c to €15.62.

CRH was down 42c to €23.73. Elsewhere in the construction sector, Kingspan lost 23c to finish on €6.97.

Paddy Power shed 15c to €22.48, and will be looking to huge betting on this weekend’s Heineken Cup final to steady the ship.