Markets Wrap: Banks slump in early trading as Japanese stocks soar to 30-year high

Shares in housebuilder Glenveagh were higher after the firm reporting full-year results

  • January 10, 2024
Japanese stocks climbed to fresh three-decade highs, bucking declines across the rest of the equity world, as broader market sentiment remained muted ahead of a key US inflation report. Picture: Michael Nagle

Irish banking shares slumped in early trading led by Permanent TSB which was down 1.47 per cent at €1.68.

Peers Bank of Ireland and AIB also struggled with their share prices down 1.23 per cent and 1.13 per cent, respectively.

Glenveagh Properties, meanwhile, led the charge among a small number of Iseq-listed firms following the publication of its full-year 2023 results.

Shares in the homebuilder were up 2.1 per cent to €1.26 while Kingspan (0.51 ...