DUBLIN REPORT: Iseq:3,233.03 (+2.21) Settlement date:October 8th

“A 10 PER cent rise now that we’re all Europeans didn’t filter through,” one trader on the Dublin market remarked wryly yesterday.

Nonetheless, for once traders welcomed a quiet day on the market, as stocks had been expected to fall sharply if the Lisbon Treaty had not been endorsed. “The Yes vote kept us at current levels,” a trader said.

In addition, profit-taking that had been expected to follow a Yes vote failed to materialise and the Iseq index held more or less steady at 3,233.03, a performance which was in line with its European peers.

Bank of Irelandput in a strong performance, marking up to a daily high of €3.18, but was hit late in the day and closed down almost 4.5 per cent at €2.94. Otherwise financials held up well, with Irish Life & Permanentgaining 3.2 per cent – or 17 cents – to €5.47and AIBmarking up about 2 cents to break the €3 mark.

Among the most actively traded stocks were CRHand C&C. The Dublin-based cement giant, which is the largest component on the Iseq index, added 30 cents to close at €18.45, while the cider manufacturer gained 2.1 per cent – or 6 cents – to close at €2.92.

Glanbiawas one of the biggest movers on the day, jumping almost 5 per cent – or 13 cents – to €2.86. This followed a trading update from PJ Cussons, which said its nutrition joint venture in Nigeria with Glanbia performed well in the three months from June-September. However traders pointed out that volumes in the stock were light, with the result that the move was overstated.

Despite a ratings upgrade by Moody's, Elanslipped more than 1 per cent – or 61 cents – to €4.52.

Overall the day’s trading was characterised by light volumes, in comparison to recent sessions, and a lack of major moves, traders noted.