Little change on Dublin market

The Irish Stock Exchange has registered only marginal change on yesterday's close.

The Irish Stock Exchange has registered only marginal change on yesterday's close.

At 9.30am the Dublin market was at 9159, down 5 points.

Among the marginal fallers this morning are AIB (down €0.26) Anglo Irish Bank (down €0.13) and Bank of Ireland (down €0.09). CRH and C&C are both up slightly on yesterday's close.

The market had staged a modest recovery yesterday, with the Iseq index gaining 1.15 per cent after losses of 4 per cent wiped €4.8 billion from the market on Wednesday.

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But the recovery fell short of the gains in other European markets, which rose by 1.5-2.5 per cent. In London, the FTSE 100 rose 2.21 per cent.

The Irish Stock Exchange's performance was relatively patchy, with Wednesday's heaviest faller, AIB, recovering less than 1 per cent of the 6 per cent it dropped on Wednesday, when negative economic data from the US took their toll on European markets.

Among national indexes, Britain's FTSE 100 index was seen opening 20-24 points lower today, having closed up 132.5 points, or 2.2 per cent at 6,133.2 in the previous session. The Dow Jones industrial average rose 0.22 per cent, while the Nasdaq Composite Index advanced 0.29 percent.

The MSCI's broadest index of shares in Asia excluding Japan reversed early losses and was up 0.2 per cent by 0630 GMT. Hong Kong's Hang Seng rose 0.2 per cent, recouping early declines.