ISEQ index down in early trading

The ISEQ index was down 21.88 points to 2,994.65 at midday, a drop of 0.73.%

Among the major fallers was Tullow Oil, which dropped 80c or 5.69% to €13.33 after a trading statement which said it expected an 18% fall in revenue for 2009 and was issuing a 10% share placement to fund operations in Uganda.