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ISEQ down as CRH suffers third fall

Jan, 08 2010


(Dublin, Ireland)  --  Irish shares dipped yesterday as market heavyweight CRH fell for a third straight session, though banks were in demand once again.

The Iseq Overall Index ended the session down 0.6pc at 3,070.47 points.

CRH, which accounts for almost 28pc of the index, dipped 2.3pc to €17.90, as investors continued to digest the group's cautious outlook comments in a trading update earlier this week.

Sentiment was not helped by Germany DIY retailer Praktiker's report of disappointing sales figures yesterday.
 
CRH is exposed to the same market through its 48pc stake in DIY group Bauking.

By Joe Brennan
Source:
http://www.independent.ie/business/stocks-markets/iseq-down-as-crh-suffers-third-fall-2004643.html

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