Dublin report:The Irish market put in a good performance yesterday, rising in line with its European peers to close up almost 1 per cent, at 7,911.12.

There was little stock-specific news and dealers said all eyes were on the Federal Reserve's interest rate decision due after the European market closed. Bank of Ireland was the main contributor to the positive sentiment, rising as much as 4.4 per cent, before falling back slightly to close up 3.8 per cent, or 47 cent, at €12.74.

Dealers reported decent buying interest in the stock, with 3.1 million shares changing hands. Anglo meanwhile was busier, with as many as 4.1 million units trading, but the price didn't fare so well. Dealers reported significant pressure on the stock, with one attributing it to the ongoing negative sentiment about the commercial property sector in the UK.

Yesterday the shares rose as high as €11.75, before falling back to €11.22 and eventually ending the day more-or-less unchanged on Tuesday's close at €11.60.

AIB meanwhile plodded along, with just 1.8 million shares changing hands as the stock added 1.5 per cent, or 25 cent, to end the day at €17.24.

Elsewhere CRH remained under pressure as a result of sentiment in the US. The shares closed down almost 1 per cent, or 26 cent, at €26.34.

Grafton meanwhile had a better day after suffering significant losses in recent sessions. Dealers reported good two-way interest in the stock, which one said had now reached "outrageous" levels. The shares added 2.4 per cent, or 18 cent, to close at €7.69.

Independent News & Media also had a better day, climbing 0.8 per cent, or 2 cent, to end the day at €2.53. As many as 2.8 million shares changed hands.