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View Full Version : ISEQ experiences 5% decrease to fall through 4,000-point barrier


Byrner
09-17-2008, 09:58 PM
The Irish Stock Exchange has fallen almost 5% to tumble past the 4,000 barrier today.

The ISEQ index of Irish shares slumped by 191.04 points to 3,859.15 by the end of the day's trading today amid continuing turbulence in the world markets.

All of the Irish banks suffered major losses with Allied Irish Bank the biggest faller, down 95c to €6. Anglo Irish Bank fell 15c to €4.40, Bank of Ireland went down 66c to €3.96 and Irish Life And Permanent both shed 44c to €4.90. Insurance giant FBD Holdings saw its share price collapse by more than 5%, down 75c to €13.

Other major fallers were construction firm CRH, down 56c to €17.14, pharmaceutical giant ELan, down 38c to €7.49 and business services group DCC, down 18c to €14.97.

There were some encouraging signs elsewhere with oil companies Tullow Oil and Dragon Oil gaining 11c and 15c to stand at €8.76 and €2.68 respectively. Paddy Power showed an impressive gain of €1.49c to €14.09, while food companies Kerry Group and Donegal Creameries both had 15 rises to end at €20.80 and €5.45 respectively.

News Source: http://www.breakingnews.ie/business/mhqlidausnau/

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