After weak opening PX managed to close 0.5% higher

After the weak opening the Czech market moved steadily up outperforming the region. The volumes traded were above the long term averages. CEZ was the biggest market mover (+1.4), when it gained most of SPAD today. The stock was strongly supported by locals and finished at CZK 1,114. Komercni banka closed also stronger by more than 1% pulled up by international demand and ended almost at the CZK 4,200 mark. Orco is under ongoing pressure due to the foreign supply. CME declined on the back of performance of its US trade line.