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Tue 11 Nov 2008ISE hit by speculation on funding for banks
“Will they or won’t they” speculation over whether the main banks will recapitalise led to dramatic falls in the sector today. Overall, financials declined by over 11 per cent, leading the Irish market to close down by 116.48 points, or -4.5 per cent, at 2,454.10.
Anglo Irish Bank became the second Irish bank to fall before the €1 level this week when it fell sharply to its lowest level in over a decade. It dropped 25.1 per cent, or 28 cent, to hit €0.83.
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