Iseq falls ahead of Bernanke speech

The Iseq Index fell further as worldwide markets anticipate Federal Reserve chairman Ben Bernanke’s speech at Jackson Hole today.

The benchmark index of Irish shares closed down 21.2 points to 3130.7.

In the financial sector, the main banking stocks all ended in negative territory. AIB slipped by 0.2c to 4.8c, Bank of Ireland eased back 0.1c to 8.3c, and Permanent TSB Group holdings also saw a decline of 0.2c to 2.4c

In construction, Kingspan lost 3.5c to €7.83, Grafton Group shed 11c to €3.04, and sector heavyweight CRH slipped 31c to €13.975.

Elsewhere, ICG Group reported H1 results yesterday which were ahead of analyst expectations. Revenues were flat at €127.1m, while the ferries division reported an operating profit of €3.2m, mainly because of lower-than-expected fuel costs. Shares in the group advanced €1.50 to €17.50 on the day.


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