Market slightly down, sell-off at CEZ just before the close

Traded volume was about the average, main PX Index closed at its intraday low after sell-off in the last 30min. CEZ got hit and lost some CZK 14 just before the end of the session as international players were selling. There was no reaction at raised target price by 6.8% to CZK 1,100 at Goldman Sachs (237 USD, -0,99%). Philip Morris (9 791 CZK, 2,14%) bounced back to CZK 9,800 after yesterday’s drop below the CZK 9,600 level. Zentiva (1 186 CZK, 0,25%) was traded sideways. Komercni banka did not hold CZK 4,500 and profit taking sent it below the CZK 4,460.