Fri 07 Jul 2007Housing concerns drag down banksMarket Report:The Irish market ended its recent
rising streak yesterday, closing down 0.7 per cent, more-or-less in
line with its European peers.The financials, and Bank of Ireland in particular, didn't fare
too well as concern about the housing market again reared its head.
BofI fell 2.9 per cent, or 44 cent, to €14.99 as dealers
reported the presence of a decent seller in the market in the
afternoon. Anglo meanwhile closed down 1.9 per cent, or 28 cent, at
€14.83, while AIB held up slightly better, slipping just 5
cent, to end the day at €20.55. Irish Life & Permanent
dropped 1.8 per cent, or 35 cent, to €18.75. Volumes were
pretty average in all the banks.