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Fri 07 Jul 2007Investors lose €3.2bn as financial stocks slumpInvestors saw more than €3.2 billion wiped off the value of Irish shares yesterday as ongoing concerns about the state of the housing market and general negative sentiment around the world weighed on investors. Claire Shoesmithreports.The slide, which saw the Iseq index of Irish shares fall 2.8 per cent, brings Irish stock market losses to over €7 billion so far this week. The Iseq index of Irish shares fell 2.8 per cent yesterday, wiping €3.26 billion off its value in just one day. So far this week, the index is down more than 500 points at levels not seen since last December. It closed yesterday at 8,447.20, 10 per cent below where it started the year and well off the 10,000 level it hit briefly back in February.