Dublin Report: The Irish market yesterday reversed its six-day losing streak with a small gain as an increase in the lull in activity seen earlier in the week helped provided some momentum. Bank of Ireland put in a decent performance ahead of its results due to be released today, adding 23 cent, or 1.5 per cent, to close at €16. This gain helped spur on the rest of the sector and left Allied Irish and Anglo up 4 cent and 10 cent, at €21.49 and €14.30 respectively.

Irish Life & Permanent, which in recent times has been lagging behind its peers, was also a gainer, ending the day up 7 cent, or 0.4 per cent, at €19.27.

CRH also moved upwards as the building materials group for once benefited from positive sentiment in the sector spurred by takeover speculation amongst its rivals in Europe.

The shares added 54 cent, or almost 2 per cent, to end the day at €27.99. Dealers still insist this stock is undervalued and welcomed the fact that for once it rallied in line with its peers.

Elsewhere, Ryanair also put in a decent performance continuing its recent good run, rising 21 cent, or 2.2 per cent, to end the day at €9.65.

Moving in the other direction, C&C continued to suffer, dropping 12 cent, or 1 per cent, to end the day at €11.57.

Dealers attributed the declines to profit-taking given the strong moves by the stock so far this year and, of course, the ongoing fallout of the market-share data relating to a slowdown of cider sales in the UK.

The IEX, Dublin's enterprise exchange for smaller stocks, yesterday welcomed a new member, construction services company, SiteServ.

The stock, which entered the index yesterday at 55 cent, gained 20 cent, or 36 per cent, to end the day at 75 cent. More than six million shares traded.

Settlement Date: November 20th