ISEQ plunges 2.5%

Gloom descended on the Irish Stock Exchange today as uncertainty continued regarding the Greek debt crisis.

The financials all lost ground. Irish Life and Permanent was the biggest faller, dropping 8c to €2.97. Bank of Ireland slipped 4c to €1.68 and Allied Irish Banks inched down 1c to €1.44.

In the construction sector, CRH endured a 65c drop to €19.70, and Kingspan dropped 10c to €6.85.

The food and drink sector also performed badly. Donegal Creameries was 40c worse off on €2.50, and Kerry Group shed 34c to €23.40.

DCC (down 30c to €19.62) and Elan (down 26c to €4.90) were major fallers, although other firms such as Dragon Oil (down 17c to €5.50), FBD (down 15c to €7.42), Paddy Power (down 14c to €25.86), Irish Continental Group (down 13c to €16.77) and Ryanair (down 11c to €3.67) did not perform much better.

There were no gains of any significance on the Exchange.