MARKET REPORT: Iseq: 6,488.72 (+57.34).PENTECOST MONDAY or Whit Monday holidays in Europe dampened activity on the Dublin exchange as European investors stayed at home.

The weak trading saw little movement in most shares.

The index ended the day up 0.89 per cent, a respectable performance when compared with other exchanges.

One of the few stories of the day concerned CC, which saw a reasonable volume of shares change hands both in Dublin and London. The share finished the day up 10 per cent, at €5.38, on the Dublin exchange.

Some traders put the enthusiasm for the share down to a note from NCB analyst Paul Meade in which he made a few optimistic observations about the company.

He cited the fact that the group is due to start selling its Magners cider on tap in the UK, and that a rebound is likely for the company if Ireland and Britain get "normal summer weather" this year.

He moved the recommendation on the stock to an "add" from a "hold" and investors seemed to take note. Yesterday was CC's best single day rise in the past four months.

Another stock that traded in volumes worth noting yesterday was Smurfit Kappa, although in its case the share price was heading south. The stock finished the day at €7.20, a drop of 6.9 per cent.

Traders put the drop down to ongoing fall-out from its profit warning last week. The trading volume was greater than that of most other stocks yesterday, but was far from huge. In value terms, shares worth €24 million changed hands.

Kerry Group finished the day up 2 per cent, at €19.39 while Ryanair rose 1.7 per cent to €2.90 per cent.

CRH was another of the busier stocks on what was a slow day. It finished up 1.25 per cent, at €24.20.

Settlement Date: May 15th