Market dips as shares trading flat

Another nervous day for investors saw shares in Dublin trading relatively flat, with the ISEQ Overall Index dipping just 2.2 points to 3151.9.

Banking stocks were mixed once again with Bank of Ireland and Permanent TSB Group Holdings both on the rise, nudging upwards by 0.1c apiece to 8.4c and 2.6c respectively. AIB, by contrast, slipped back by 0.1c to 5c. Elsewhere in the financial sector, FBD Holdings advanced 7c to €8.45 on the day.

In construction Grafton Group reported profits before tax of €23.8m for the first half of the year, an increase of 18% year on year. Shares remained unchanged, however, at €3.15. Meanwhile, CRH gave up 14c to €14.285 and Kingspan was 3.3c weaker €7.865.

Other movers included bookmaker Paddy Power, climbing 33c to €53.15 after also releasing results for the first half of the year which were broadly in line with expectations.


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