ISEQ down almost 3%

The value of Irish shares slumped by almost 3% today, as the ISEQ index lost 72.09 points to 2,377.65.

In the financial sector, the announcement by Finance Minster that the Government was not considering the nationalisation of Ireland’s major banks led to both Allied Irish Bank and Bank of Ireland both inching up 2c to 88c and 68c respectively. Irish Life & Permanent was down 6c to €2.09.