The main financials remained weak this lunchtime with AIB dropping 17 cents - to trade at euro 11.63. Irish Life & Permanent was down some 9 cents at euro 13.10 following positive end of year results announced today. The exception was Bank of Ireland which rose 10 cents to be trading euro 10.20.
The overall ISEQ index of shares was down 25 points at 5,757.43. The downward trend was led in the main by CRH whose price continued to tumble following yesterday's announcement of a rights issue. By lunchtime the stock was tradingeuro 17.70 - down 1.35 on the day.
The volatile fortunes of Eircom continued today as its price dropped 6 cents to euro 2.46. After positive news from IAWS yesterday profit-taking seems to have prompted a 30 cent fall - the stock was trading at euro 7.60 by lunchtime.
After posting positive end-of-year result Glanbia rose 6 cents to euro 0.62.
Elsewhere Elan was down euro 1 to euro 57.50 while Ryanair was up 12 cents at euro 11.65.