The value of shares on the Dublin market fell by just under 2 per cent today on the back of sharp falls on Wall Street last night and most of the European markets today.
At 12.15pm the Iseq was down 1.87 per cent at 8268.95 with all the major banking stocks down.
Bank of Ireland was one of the main fallers down almost 3 per cent or 52 cent at €13.08 with AIB losing a similar amount to €18.20. Anglo, which was the busiest of the financials yesterday with five million shares changing hands, was today down 25 cent today at €13.75.Irish Life and Permanent shares fell 35 cent to €17.65.
Smurfit Kappa which this morning reported second quarter results slightly below some expectations, saw its shares fall 60 cents to €15.90.
Market heavyweight CRH is also down, shedding 22 cents to €31.07 with Ryanair joining it in the decent, its shares have dropped six cent to €5.24.
Good news was sparse. Aer Lingus, and Independent News and Media and Fyffes shares were marginally ahead, but not enough to slow the fall.