Dublin Report:The Dublin market tracked the weaker international trend yesterday, with low volumes and some profit taking adding to the decline.

Today all eyes will be on Eircom to gauge the market reaction to the news that it failed to win the Republic's fourth 3G licence, losing out to Smart Mobile.

The news came too late yesterday to hit the share price, which closed unchanged at €2.27. On a positive note, CRH, managed to buck the downward trend, buoyed by strong results from its competitors in the US market. The stock gained 32 cent to end at €22.10 on the positive news emerging from the sector.

The financials were all adversely affected to varying degrees.

Anglo Irish Bank fared best and was one of the most active stocks dealt on the day as investors took an interest ahead of its results next week. Anglo closed at €11.08, up 2 cent.

Bank of Ireland was also in demand with investors showing good interest in the stock. It traded higher during the session but ended 3 cent off at €12.90. AIB fell , with the stock drifting down to €17.25, down 21 cent, a fall of just over 1 per cent on the day. Irish Life and Permanent was also weaker, shedding five cent to €15.35.

Fyffes also took a tumble, with the shares ending down more than 4 per cent at €2.34, down 11 cent, on concerns about the outcome of EU and WTO talks on the sector.

Ryanair struggled a bit, with the shares losing four cent to close at €7.30.

Elan, which has enjoyed a good run amid hopes that Tysabri would be successful in its return to the market, gave up some of its gains in Dublin, dropping 29 cent to €8.70.

Other stocks traded on the day included C&C, down two cent to €5.22, FBD rose 12 cent to €31.82 and Independent News & Media was unchanged at €2.33.

Among the food stocks, Kerry lost 14 cent to €18.20 while Greencore was down three cent to €3.20.

Settlement Day: November 21st