It was not very exciting session today on the Prague stock exchange, but activity increased before close. PX
index closed almost unchanged on average volumes. CEZ was the most active stock by far thanks to its financial results release. The results came out in line with market expectations, net income was better than expected, but on the other hand, revenues and EB
IT were lower.
Orco was the best performer today, while Philip Morris
fell the most on very thin volume. Zentiva
closed weaker, when international accounts were selling the stock despite upping target price at Patria/KBC.