Dublin report:The Irish market continued its recent trend yesterday, closing at a new record high as the majority of its main components, with the exception of AIB, among the gainers.

AIB was one of the few big losers as news that the bank was expecting earnings growth of more than 20 per cent this year failed to excite investors. Analysts said the market had been hoping for upgrades in the wake of recent upward revisions from rival Irish banks and a lack of anything new in yesterday's trading update sent the shares down as much as 2.5 per cent.

The stock later recovered some ground, closing down 25 cent, or 1.2 per cent, at €21.45. More than 3.6 million shares traded.

Anglo continued to reap the rewards of its very upbeat full-year results statement on Wednesday and dealers reported significant interest in the stock.

The shares were up 43 cent, or 2.9 per cent, at €15.27, with more than 4 million units trading.

Elsewhere C&C was also busy as rumours continued to circulate in the market that the drinks and snacks maker was subject to takeover speculation from a number of larger drinks companies, including SAB Miller and Carlsberg. All players denied there was anything behind the rumours.

More than 5 million shares changed hands, though the stock ended the day up just 6 cent, at €12.30.

Kingspan and Grafton were both gainers, moves dealers said may be linked to concessions in the UK's pre-budget legislation aimed at encouraging environmentally-friendly housing. Kingspan is one of the largest makers of insulation boards and Grafton is involved in the merchant building sector in the UK.

The shares rose 2.7 per cent and 1.8 per cent respectively, to close at €17.72 and €11.44.