The value of Irish shares plunged by almost 4% today in another torrid day of trading on the Irish Stock Exchange.
The ISEQ index fell 162.46 to 4,282.32.
All of the financials dropped sharply, with Allied Irish Banks the worst affected 52c to €7.89. Anglo Irish Bank dropped 34c to €5.24, with Irish Life and Permanent (down 33c to €6.46) not far behind. Bank of Ireland did not escape unscathed, sliding 25c to €5.28.
The construction sector took some heavy hits, with CRH plummeting a full €1.01 to €17.21, the biggest loss of the day. Kingspan also took a hit, losing 22c to €7.78.
There was little confidence in the energy sector either, with Tullow Oil slumping 30c to €9.10. Dragon Oil also lost ground, down 19c to €3.07.
There were several other heavy losses on the index, including Paddy Power (down 65c to €13.50), Icon (down 71c to €27), DCC (down 33c to €15.50) and Kerry Group (down 30c to €19).
FBD was the lone gain of any significance, climbing 40c to €14.
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The value of Irish shares plunged by almost 4% today in another torrid day of trading on the Irish Stock Exchange.
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