Dublin report: The market went back to the future yesterday, finishing 2.3 per cent weaker on the back of all-too-familiar jitters over the finance and construction sectors.

Anglo Irish was under more pressure than most as investors moved on from last week's upbeat results statements and focused on news of problems in the UK commercial property sector. Shares fell by 7.4 per cent, or 85 cent, to end the session at €10.60.

AIB fared slightly better but still closed 33 cent weaker at €14.90. Bank of Ireland fell by 30 cent to €10.20. Irish Life & Permanent held up best in the sector as it closed 4 cent lower at €12.79.

None of the financials were helped by new research on the sector from Merrion Stockbrokers entitled Going Nowhere Fast.

Elsewhere, CRH continued to suffer the fallout from its failed Cemex deal, losing 27 cent to close at €24.08.

Kingspan shed 63 cent, or 4.4 per cent, to settle at €13.70.

Grafton was under even more pressure, falling by 34 cent, or 5.7 per cent, to €5.61.

C&C had a positive day for a change, adding 10 cent to close at €3.85 amid talk of new AC Nielsen cider sales data.

United Drug was also in the black, rising by 5 cent to €3.71.

In general though, happy stories were hard to find.

Ryanair dropped by 23 cent to €4.46 after saying it would take a €90 million writedown in relation to its investment in Aer Lingus. For its part, Aer Lingus weakened by 11 cent to €2.03.

Greencore failed to win much benefit from Carlow County Council's decision to give an initial go-ahead to the company's redevelopment plans for the town. Shares fell by one cent to €4.23.

Independent News & Media had a difficult day, closing 9 cent weaker at €2.07, as the market awaits confirmation on the size of Denis O'Brien's stake in the firm.