Market Sees Red As Elan Shares Take a Nose Dive ; Iseq Briefing: Closed at 2,731.21 Down 17.51 [Eire Region]

Daily MailJuly 23, 2009

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Summary


THE Dublin shares market sank back into the red yesterday as Elan fell sharply, despite banking stocks rebounding after three days of losses.

Shares in Elan dropped 20c to $5.38, as profit takers moved in on stock which gained better than expected results for its first quarter.

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Market Sees Red As Elan Shares Take a Nose Dive ; Iseq Briefing: Closed at 2,731.21 Down 17.51 [Eire Region]

This week, it announced that its revenues rose by 14pc, $66m ($46m), to $526m ($370m) in the second quarter of the year.

The...

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