Volumes traded picked up after afternoon’s US macrodata, otherwise not very exciting day. CEZ and Komercni banka were the most actively traded listings. CEZ was quite strong, but not able to break the CZK 1,250 resistance level. Komercni banka reported 1Q08 results in-line with expectations, but got hit due weak net fee income. Komercni fell up to CZK 4,200 supporting level for a while, but rebounded and closed day at CZK 4,245. Erste Bank finished stronger on the back of upgraded target price to EUR 54.7 from EUR 50.5 at Goldman Sachs. Similar patter was on Zentiva where international buyers pulled price up by 3.5% higher after CSFB increased its target price to CZK 1,050 from CZK 890.