Iseq: 2,511 (-12) at 12.54pm:Early trading in Dublin today was a tale of two banks, with Irish Life and Permanent gaining and Anglo Irish Bank falling sharply on a quiet day overall as the market awaits details of the bank rescue plan.
At 12.54pm the Iseq index of Irish shares was marginally lower at 2,511 a fall of 12 points.
The main mover was Anglo Irish Bank stock which fell sharply today to 78 cents, a fall of 15.5 per cent.
Dublin brokers said there were a number of "decent sized sellers" for the stock after Citigroup issued a research report which maintained a "sell" rating on the stock and it was one of the few to register reasonable volumes .
Irish Life and Permanent shares were 4 per cent higher by lunchtime at €1.70. AIB shares were off 2.5 per cent at €2.70 while Bank of Ireland was 4 per cent lower at €1.45.
The Minister for Finance Brian Lenihan is holding separate meetings with the chiefs of the six State-guaranteed banks and building societies today for talks on a rescue package for the crisis-stricken financial sector, and analysts said trading in the larger banks was likely to be relatively light.
Due to the Thanksgiving Day holiday in the US yesterday brokers said the market was a little directionless with many stocks marginally lower on light volumes.
European shares slipped by midday, hurt by weaker mining and energy stocks that tracked a drop in commodity prices, while persistent worries about a global economic downturn put pressure on automobiles and banks.
