DUBLIN REPORT: Iseq: 3,008.73 (-7.11) Settlement date: March 12thTHE DUBLIN market slipped back towards the 3,000 mark yesterday as the two main banks weakened again.

AIB and Bank of Ireland slipped about 7 per cent apiece during yesterday’s session, although both stocks had recovered by the close.

At the closing bell AIB was down 1.3 per cent – about two cent – at just under €1.33. Bank of Ireland was off 2.2 per cent, or close to three cent, at €1.13.

Irish Life Permanent also came under pressure, falling 1.7 per cent, or five cent, to €3.09.

According to brokers, the market reacted positively to Independent News Media’s announcement on Monday that it has sold some of its stake in Indian publisher Jagran Prakashan. The stock moved ahead by more than 1 per cent to nine cent.

Origin Enterprises was one of the main movers on the day, albeit on very light volume. The food stock dropped 5.3 per cent, or 12.5 cent, to settle just below €2.23 before its interim results tomorrow.

Glanbia, which has numbers out today, lost almost 2 per cent, or five cent, to close at €2.60.

Greencore closed down 1 per cent at €1.30 even though its shareholders approved the sale of its malt business at an egm yesterday morning which will net the company about €100 million.

Kerry Group managed to buck the trend, marking up by 2 per cent, or 47 cent, to €23.79.

Ryanair was off more than 2 per cent, or eight cent, at €3.44, on light volume.

Aer Lingus, which announced yesterday afternoon that it plans to implement 230 compulsory redundancies among cabin crew, was flat at 60 cent.

Overall, the Iseq index was down 0.23 per cent to 3,008.73, which meant that it underperformed its European peers.