ISEQ down almost 2%

The ISEQ index of Irish shares was on a downward trend in early trading this morning, shedding 44.65 points or 1.78% to 2,648.69 by 11.15am.

Index majors on the fallers' board included Kerry Group and CRH, both down 35c to 16.70 and 15.61 respectively; Dragon Oil, down 19c to 3.80; C&C, falling 10c to 2.59; Smurfit Kappa, also off 10c to 3.51; Kingspan, shedding 10c to 3.85; Elan Corp, off 10c to 5.75; Grafton Group, slipping 7c to 2.47; Ryanair, 6c down to 3.17, and Glanbia, off 5c to 2.20.