Few gains on Irish stock market as index weighed down by Flutter losses

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It was a weak day on the Irish stock market on Monday, as the ISEQ Index underperformed compared to EU peers.

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The banks saw mixed movement on Monday, with AIB falling 0.67 per cent to €4.13 and Bank of Ireland down 0.36 per cent to €8.904, while Permanent TSB gained 2.88 per cent to €2.14.UK stocks saw losses on Monday, as the exporter focused FTSE 100 Index fell 0.78 per cent to 7,623.99, while the more domestically focused FTSE Mid-Cap 250 was down 1.03 per cent, closing at 18,415.31.

Among other movers, Aviva lost 1.03 per cent after the life insurer said it agreed to acquire the UK protection business of AIG for £460 million .The pan-European STOXX 600 index fell 0.62 per cent by Monday evening, dragged down by mining shares as China’s property problems weighed on the outlook for natural resources.

The S&P 500 and Nasdaq were slightly up by Monday evening, having recovered from losses earlier in the day, while the Dow Jones Industrial Average was marginally down.

 

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