Markets

Euronext Dublin wrap: Poor day of trade for banks fuels ISEQ slump

Trading on the ISEQ fell steadily until lunchtime on Monday, plummeting to 8968.72 at midday

The big three banks also endured a rocky day of trading, all recording strong half-year results in recent weeks. Picture: Getty

A poor day of trade in the banking an manufacturing sector fuelled a dreary drop on the Dublin exchange, which has finished the day down 1.06 per cent at 9,018.03.

Trading on the ISEQ fell steadily until lunchtime on Monday, plummeting to 8968.72 at midday from a peak of 9083.18 just after 9am.

Mincon was the largest faller of the day by a long shot, dropping a dramatic 8.42 per cent to €0.87 per share by close of day. It came as the Shannon-based manufacturer of industrial drilling equipment reported an almost €5 million decrease in revenue in the first half of 2023.