Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

REFILE-Irish banks slump after Sinn Fein's strong election show

Published 02/10/2020, 04:37 PM
REFILE-Irish banks slump after Sinn Fein's strong election show
BIRG
-
ISEQ
-
AIBG
-

(Adds dropped word and fixes typographical error in paragraph
1)
LONDON, Feb 10 (Reuters) - Ireland's main index .ISEQ fell
as much as 1.2% on Monday morning dragged down by banks after
Irish nationalists Sinn Fein secured almost a quarter of
first-preference votes in a general election.
Bank of Ireland BIRG.I and AIB Group AIBG.I were among
the top fallers in Ireland, sliding about 5% and 3%,
respectively in morning trading.
"It will take a few days to finish counting the results but
longer to negotiate a new government," KBW analyst Daragh Quinn
said.
"That uncertainty coupled with the potential for a more
radical/populist party to enter government will likely weigh on
Irish bank performance", he wrote in a note.
The left-wing party was ahead of the centre-right Fianna
Fail and the Fine Gael party of Prime Minister Leo Varadkar at
in an election analysts described as a seismic shift away from
Ireland's century-old, centre-right duopoly.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.