Honey, I shrunk the banks

With the financial stocks a mere shadow of their former selves, a new top ten has emerged on the Iseq index over the past year, with CRH accounting for a third of the entire index.

24th January, 2009

The Irish Stock Exchange will need to get used to having a new set of heavyweights. The collapse in Irish banking stocks, which plumbed new depths last week, has resulted in a dramatic shift in the make-up of the Iseq index over the past year.

After years of the Iseq being perceived as top-heavy with financial stocks - AIB, Bank of Ireland, Irish Life and Permanent (ILP) and Anglo Irish Bank once constituted more than...

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