The ISEQ index was down some 35.05 points at 5,787.33 this afternoon. While most of the European bourses were buoyed up by a resurgence in the tech and telecom sectors the Dublin market was dragged down by a weakness in the main financials and a plunge in CRH.
AIB was down 22 cents at euro 11.70 while Bank of Ireland was down 18 cents at euro 10.05. Anglo-Irish Bank was the exception remaining unchanged at euro 3.62.
The announcement of a 4-to-1 rights issue by CRH led to significant selling of the stock. This afternoon CRH was trading at euro 19.10 down some 1.34 on the day.
Elsewhere Eircom was up 10 cents to euro 2.50 boosted by a surge in Vodafone shares.
Iona tech was down 50 cents at euro 48.00 while Jury's was down 15 cents at euro 10.25. Ryanair was down 20 cents to euro 11.60.