Another day of losses for ISEQ

The value of Irish shares slumped by almost 4% today in another day of turmoil on the Irish Stock Exchange.

These losses were led by the financials, which all lost ground. After a positive announcement today, Anglo Irish Bank was did relatively well, losing 17c to €5.85. Elsewhere however, Irish Life & Permanent ended the day a full 50c lower on €5.66. Bank of Ireland (down 38c to €5.72) and Allied Irish Bank (down 33c to €8.53) fared little better.

It was not all bad news on the Exchange. Icon gained an encouraging 15c to finish on €28.65. Despite a dip from Donegal Creameries (down 30c to €5.58), the food and drink sector performed well. Kerry Group jumped 55c to €19.85, Glanbia was up 15c to €4.10, and Iaws climbed 10c to €16.

Losses were very much the order of the day in general however, with CRH taking the heaviest hit, losing 95c to €17.93. Kingspan also saw a loss, slumping 47c to €7.13.

Other losses on the day included Elan (down 39c to €7.08), Ryanair (down 24c to €2.67), Paddy Power (down 22c to €17) and Dragon Oil (down 13c to €3.50).