The market strengthened by 2.15%, main leaders CEZ and Komercni banka

Czech stocks headed higher in-line with the region. PX Index closed at its intraday high and volumes traded were above the averages. The most actively traded listings were CEZ and Komenrcni banka. CEZ was well supported by ongoing share buy back program for all day long and reached CZK 1,081 just before the end of the session. Erste Bank (1 423 CZK, 1,79%) got also some support after an upgrade to Buy from Add at West LB. Telefonica (602 CZK, 1,54%) O2 CR broke the CZK 600 mark as ex-dividend day is approaching. Komercni banka almost reached CZK 3,900, then international sellers pulled the stock down below CZK 3,880. Less liquid stocks like Philip Morris (9 241 CZK, 4,41%) became the most successful.