Negative Iseq follows Europe’s lead

There was positive news closer to home as CSO figures released yesterday showed, in GDP terms, that the Irish economy grew 0.9% in 2012 — the second year of growth in a row after years of recession.

The Iseq, however, followed the rest of Europe shedding 37.2 points to close on 3,934.42

The banking stocks mirrored the index, as both Bank of Ireland and AIB shipped 0.2c to close on 16.3c and 7.3c respectively, Permanent TSB was 0.4c or circa 9.75% worse off, closing on 4c. While Irish Insurer FBD Holdings bucked the trend, gaining 20c to finish on €12.35.

In construction, it was a day of mixed fortunes as CRH gave up 37.5c to €17.86. Grafton and Kingspan both made slight gains, as the former closed on €4.84, up 13.5c, and the latter finished on €9.601, a gain of 15.6c.


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