The Dublin market has fallen by 3 per cent today on the back of falling world markets due to concern at the impact of problems with some US mortgage lenders.
At 3.15pm the Iseq was down to 9159.22 having fallen sharply immediately after the open following a very weak session on Wall Street overnight.
In Dublin, the financials were among the biggest fallers. Despite recovering somewhat from morning loses, AIB remained down 100 cents at €22.4 this afternoon; Anglo Irish Bank was 21 cents lower at €16.05 while Irish Life and Permanent was 65 cents lower at €20.4.
Bank of Ireland is trading at €17.01, down 19 cents. Shares in insurer FBD were down 130 cents at €36.95.
Market heavyweight CRH has seen its shares fall by 136 cents to €29.75, Independent News and Media shares were 14 cents lower were €3.17 while Ryanair shares were 14 cents lower at €5.48.
US markets opened relatively flat this afternoon after yesterday's 2 per cent market fall. The Dow Jones industrial average was down 13.30 points, or 0.11 per cent, at 12,062.66.
In European markets shares slid further by midday as a fresh phase of selling underlined worries about the US economy over losses in mortgage lending, and raised the prospect of continued stockmarket weakness.
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