Volatile trading continues at PSE

We experienced another volatile session. CEZ was in the investors’ focus touching CZK 1,150 and bounced back to CZK 1,180. Komercni banka joined other financial stocks losing ground, but buyers returned in the last 90 minutes of trading and lifted price into the green numbers. Erste Bank slid 3.5% to 3 years low on the back of Romanian outlook. Orco was under pressure after announced lower than expected NAV value. Unipetrol increased despite higher operating costs in 4Q07. Local demands pulled Zentiva up almost 4%.

Index PX :                                 -1,42%             USD/CZK    17,56    CZK WEAKER

Volume in SPAD (USDm) :        257,77              EUR/CZK    26,03    CZK WEAKER

Stock               % chg              Vol USD mil      Stock               % Chg              Vol USD mil

CESKY TEL     -0,06                20,28                TABAK             -0,12                1,90

CEZ                 -3,04                124,50              UNIPETROL      0,66                 17,90

ERSTE             -3,46                23,68                ZENTIVA          3,76                 11,80

KOMERCNI        0,91                 47,28                ORCO              -1,61                5,61

CME                   -2,27                1,63                 ECM                -2,80                2,63