Markets digest election results

Yesterday was another tough day on world markets asinvestors in many markets had their first opportunity to react to political events over the holiday weekend.

The Irish market tracked its European peers lower, shedding 56.52 points to 3,106.44.

Bank stocks were not immune to losses as AIB and Bank of Ireland traded lower. The former was off 0.4c at 7.3c while the latter lost 0.4c to end the session at 10c. Irish Life and Permanent managed to tack on 0.6c to close at 4c.

The construction sector was also in negative territory as CRH fell 43.5c to €14.15.Kingspan and Grafton Group also fell, losing 30c and 3c to €7.30 and €3.22.


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