Zentiva down by 5% on, selling mood at the end of the session and low activity on PSE

Tuesday’s trading in Prague was more active, but still below averages. Basket sellers stepped in the market in the last hour of trading. CEZ and Telefonica (482 CZK, -2,71%) O2 CR were the most traded names. Zentiva (869 CZK, -4,98%) got hit after speculations about lower 1Q08 sales, which should be released on Thursday (April 24). Telefonica O2 CR opened session weaker after worse then expected 1Q08 results released on Monday night, but raised steadily almost till close and finally got hammered on close. We could see similar pattern on Erste Bank (1 069 CZK, -1,57%) and Komercni banka.