The market closed higher because of CEZ and . The total volume traded was below the long term averages. CEZ traded 880k shares and most of the volume was traded in range CZK 1,265 – 1,270. Zebtiva strengthened by more than 2% after Monday’s sell-off due to short position covering. tried to break the CZK 770 level, but closed at CZK 765.5. The name was supported by local players increased by almost 2%.
O2 CR kicks off the 3Q07 reporting season tomorrow after market close. We expect net profit to come in at CZK 2.56bn while market consensus counts with CZK 2.74bn. Also CNB meets tomorrow and should decide about interest rates, we do not expect any changes of main 3.25% rate.