Today, we experienced an average volume day when four names were actively traded, i.e. CEZ, Zentiva, Erste and NWR. Czech market outperformed the region today due to the investors’ interest in banks and Orco, development company. Zentiva remained under pressure the whole day as international supply hammered the stock and Deutsche Bank cut its rating to Sell from Hold with new target price at CZK 900. Banks went higher on improved global sentiment.
CETV went up after Renaissance Capital raised target price to USD 130 from previous USD 108. We can see ongoing interest in NWR shares before the results are published this Friday.