Markets continued to be unsteady

European markets continued to be unsteady yesterday as negotiations around the fiscal cliff in the US rumble on.

The lack of a clear resolution remains an overhang on momentum and sentiment. The ISEQ index shed 10.46 points to finish at 3,290.27.

Financials were weak across the board as Bank of Ireland arrested its recent strong run by losing 0.6c or 5% to close at 11.2c. AIB and Permanent TSB Group followed suit and fell 0.2c a piece to 5.3c and 2c. Irish insurer FBD Holdings maintained its positive trend by gaining 10c to €10.60.

Constructions stocks on the whole moved slightly higher with CRH gaining 6c to €14.05. Kingspan added 2c to €8.14 while Grafton Group was 6.9c better off at €3.72.


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