Market and peers record slip

The Iseq dropped below the 4,000 mark yesterday, closing down 59.88 points at 3,998.02.

World markets declined as profit-taking and investor caution about monetary policy in the US overshadowed good results from Goldman Sachs.

In the financial sector, AIB dropped 0.3c to 5.3c, Bank of Ireland fell 0.7c, closing on 16.3c and Permanent TSB dipped 0.6c to finish at 2.7c. Meanwhile, insurer FBD Holdings was unchanged at €15.40.

In the construction sector, the latest data from American Road Transportation Builders Association shows that $3.9bn of funds was obligated in Jun 2013, up from $3.4bn last year. This leaves the year-to-date figure at $21.4bn, up 19% on the same period last year. CRH and Kingspan both lost ground, the former shedding 27.5c to €15.37 and the latter finishing on €10.10, down 20c. Grafton gained 1c to finish on €5.46.


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