ISEQ endures fall

The Irish Stock Exchange followed international trends as nervous traders awaited fallout from the Greek debt crisis.

The ISEQ index of Irish shares slumped by 77.38 points, almost 2.5%, to 3,110.15 by close of trade.

Unsurprisingly, the banks all lost ground. Irish Life and Permanent saw 15c shaved off its value, finishing at €2.45. Allied Irish Banks (down 6c to €1.25) and Bank of Ireland (down 7c to €1.42) also saw a decline.

The construction sector was also hit hard, particularly CRH, which plunged 99c to €18.52. Kingspan shed 14c to €6.50.

There were heavy losses also for DCC (down 74c to €19.20), Paddy Power (down 37c to €25.88) and Dragon Oil (down 36c to €5.29). Irish Continental Group shed 15c to €16.85.

There was some good news on the Exchange, however. Kerry Group jumped 50c to €23. FBD gained 19c to €7.60, and Tullow improved 12c to €12.95.