The ISEQ closed down 22.99 (0.38 per cent) at 6050.65 today.
Much of this is due to the banks trading weakly, with Bank of Ireland down 5 per cent at one stage today.
Anglo Irish Bank, along with the Irish Life and First Active building societies, also traded weakly today. Stock market analysts say Ireland’s current high inflation level has contributed to this.
Ryanair also traded somewhat weaker today, partially due to the strength of the dollar as the company is quoted on the New York stock exchange. There was heavy movement on its shares though, with over half a million traded.
The Horizon technology company was down 29 today to 190. This comes after yesterday’s huge knocks to its value. Market analysts say the company will struggle to regain its price.
It was not all bad news, though, with the Kerry Group up to 12.78 for a six-week high and Smurfit having better-than-expected figures today.
