The Irish market slipped again today as European markets continued their fall, but sustained less damage than its peers.
The Iseq index of Irish shares was down 15.83 points or 0.63 per cent at 2,479.72 after business closed.
Its performance compared favourably with other European markets. In London, the benchmark FTSE 100 was down 59.53 at 4121.11, a fall of 1.44 per cent.
The Dow Jones Stoxx 600 index, comprised of leading shares in 18 western European markets, fell 1.1 percent to 190.77 by 4.30 pm
"It's all pretty red out there," one dealer said.
Traders said that European Central Bank's interest rate cut caused little more than a ripple, while continuing weakness in the US had more of an impact.
The banks showed signs of recovery ahead of the official closing prices. AIB added 1.39 per cent to €2.048. Bank of Ireland was up 6.31 per cent at 91 cent.
However, Anglo Irish Bank slumped almost 10 per cent to 20.8 cent.
Elsewhere, CRH was up over 1.7 per cent at €17.65 after slipping 0.6 per cent in the early part of the day.
Figures from Nielsen indicating ongoing weakness in the British cider market saw C&C lose 8.4 per cent to close at €1.21.
