The Irish stock market has had another difficult day, falling by almost 2 per cent in early trade before a rally this afternoon brought it back to 6329, down 67 points or just over 1 per cent.
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The Irish banks, which individually have seen their share values fall by around half compared year highs, remain under pressure.
AIB shares have staged a minor recovery this afternoon and by 4pm were down 26 cents at €12.96, down almost 2 per cent. AIB shares fell 2.9 per cent yesterday.
Bank of Ireland shares were down over 2.5 per cent at €8.94, having dropped 24 cents. Today's loss comes on the back of a 6.6 per cent fall yesterday.
Irish Life & Permanent, which saw 9.2 per cent wiped off its share value yesterday, dropped by over 4 per cent in early trade before rallying and by 4pm its shares were trading at €11.30, down just under 2 per cent.
Anglo Irish was another to stage a late rally after early losses with its shares down six cents near the end of trading having earlier been off by 14 cents. At 4pm its shares were trading at €8.90
Outside the financials there was little good news. Ryanair shares were one of the few stocks in positive territory earlier today but by late afternoon they had slipped and were marginally behind at €4.50.
The Dublin market has lost over 20 per cent of its value this month, while the average Irish managed pension fund has fallen in value by about 7 per cent in November.