It was a weak day of trading across the board on Monday, with traders saying Ireland’s stock market was comparatively weaker than Europe.
The ISEQ All Share closed down 1.66 per cent, at 8,556.58.
It was also a down day for Irish banks, with AIB losing 2.47 per cent and closing at €3.95, Bank of Ireland falling 2.56 per cent to €8.44, and Permanent TSB down 0.49 per cent to €2.05. Investor focus remained on the Bank of England’s policy decisions and key domestic inflation data due later this week, as the market hopes for an end to the monetary tightening cycle.
Meanwhile, Marks & Spencer climbed 1 per cent as the retailer stock started trading on the FTSE 100, after being promoted in September.The pan-European STOXX 600 index lost 1.13 per cent on Monday, hit by lowered growth outlooks and closing at 456.72.
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