NCB is sticking to its forecasts that the ISEQ Index will climb to 6,000 by year end. The market has been primarily moved by the strong performance of financial stocks so far this year with the two main banks coming within a whisker of their 1998 highs. NCB remains confident that financial stocks still have some way to go.

The fundamentals which underpin the strength of AIB and Bank of Ireland can be sustained, but NCB's favourite stock at the moment in that sector is Irish Life. It believes the shares can forge ahead on the back of strong growth in sales of its life and pensions products.

NCB also tips Elan whose share price has proved somewhat of a disappointment for investors this year. Much of this is thought to relate to some stock indigestion following the Neurex acquisition deal. However, NCB forecasts growth and says current weak levels present a buying opportunity.