Market down in line with Europe

European markets finished lower across the board yesterday, giving up gains made on Tuesday.

US markets also opened lower and looked as though the trend would continue. The Iseq index gave up 38.98 points to finish at 3173.56.

Financial shares were broadly unchanged as both AIB and Permanent TSB Group closed at the same levels as Tuesday. The former was 5.1c at the close while the latter finished at 2.4c. Bank of Ireland lost ground, shedding 0.2c to 8.7c

Construction stocks were mixed with market leader CRH losing 55c to 14.26. Kingspan and Grafton Group on the other hand were both gainers. Kingspan tacked on 8.1c to 7.70 while Grafton Group was 2c ahead at 3.23.

In other news, food producers Aryzta and Kerry Group were both off, the former fell 84.5c to 39.77 while the latter shipped 60c to 37.90.


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