Market decreases on light trading

THE ISEQ index dipped 6.10 points to 2,713.70 in light trading.

In the US, the September non-farm payrolls report showed small gains in private sector hiring, which failed to offset big cuts in government workers. The private sector added only 64,000 jobs in September, with overall non-farm payrolls falling by 95,000 as temporary census workers were let go and state and local governments also cut employment.

In the financial sector, AIB dropped 1.2c to 39.5c. Bank of Ireland dipped 2.9c to 65.1c, while Irish Life &Permanent Group slipped 0.8c to €1.55.

In the construction sector, CRH progressed 9c to €12.49. Kingspan shed 0.4c to €5.96, while Grafton Group was 4.6c weaker at €3.14.

In other news, drinks group, C&C, will deliver first- half results next week. According to the Nielsen data, Magners volumes in British off-trade have increased 18% in the first half and have declined about 6% in the on-trade. The shares closed up 0.7c at €3.03.


Wesley O’ Regan is the General Manager of Popscene in Voodoo Rooms, Cork city. Popscene opened last November and is Cork’s only themed bar that is dedicated to celebrating the best of the 80s and 90s.'ve Been Served: Wesley O'Regan, Popscene

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