Mixed day for markets after banks perform poorly

European equities ended mixed yesterday, with peripheral markets underperforming among regional indices, mainly driven by drops in the banking sector overall after worse-than-expected results from BBVA and Deutsche Bank, and pressure on Italian banks after ECB stress tests.

The Iseq index shed 28.22 points to close at 4,661.03.

Irish financials in the main had a positive session. However, Bank of Ireland did slide by 1.94% to close the day at 30.3c. Elsewhere, Permanent TSB added 0.001c to the share price amid low volume to close at 0.074c while AIB gained 0.92% to close at 11c.

FBD saw strong trading volumes on the day which gave the share price a 1.13% lift. It finished the session at €12.945.

Ryanair announced new routes but the stock still finished down 0.42% to close at €7.369. Aer Lingus also had a poor day as the share price dropped by 2.82%. It finished the day at €1.38.

C&C also had poor results with the stock off 8.6%.


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