ISEQ down more than 3%

The value of Irish shares slumped by more than 3% in morning trading today, as the ISEQ index of Irish shares lost 87.78 points to 2,385.29.

The financials’ recent continued, with Irish Life and Permanent enduring the biggest decline, down 44c to €4.80. Allied Irish Banks shed 24c to €1.44, and Bank of Ireland lost 20c to €1.40.