Market Report: The Iseq finished up slightly on the day, but volumes were patchy and traders were left underwhelmed by the publication of Bank of Ireland's full-year results to the end of March.

Settlement date: May 17th

The Iseq was up 42.24 points at 6,035.71, but traders said the market was relatively quiet, although fresh developments in the Jurys Doyle story helped to create interest in the stock. However, Bank of Ireland's results failed to spark much buyer interest.

Traders said the shares failed to respond to the new figures. "There was not a whole lot of new information in there. We were hoping for a little bit more meat about the cost-cutting programme," one trader said.

"It needed a bit more of a catalyst to push the share price on. It's a cheap stock right now, but there are plenty of stocks in that category in Ireland and in the UK," said another.

The stock closed down 2 cent at €12.20 and there were a few sellers in the market, reported traders.

AIB was down six cent at €16.26.

One of the big developments worldwide was a fall in crude oil prices and, while this damaged the big oil companies, it gave some support to shares in the aviation sector.

Ryanair was up 2.2 per cent at €5.88.

"Jet fuel has come back from its highs in the last few days so suddenly the airlines look a little more attractive... The airlines are coming up to their crucial period of the year so fund managers are taking a closer look," said a trader.

Earlier in the week, stocks exposed to the UK property market fell, but yesterday they bounced back, traders said. Kingspan was up 5 cent to €8.88, while Grafton moved up 10 cent to €8.40.

Revelations earlier in the day about approaches to Jurys Doyle helped the stock rise.

"Most fund managers are just sitting on their holdings and waiting to see what happens," said a trader.