The Czech market did very well yesterday, clearly outperforming the region thanks to a bounce in the last hour of trading. CEZ traded ex-div (CZK 50) yesterday and taking this into account the stock closed 4% up. PX was kicked up by double digit flyers (94,1 CZK, 17,48%) and (512,8 CZK, 10,83%). was chasing a jump of its US peers and the sector upgrade from (135,2 USD, 0,78%). Komercni banka lagged behind during the day but jumped into green as buy basket on close came in.
Prague Stock Exchange is heading for lower start after Wall Street closed in negative territory. Banks are going to be the main driver of today's session as we have seen very nice performance in last few days. Komercni banka gets price target upgrades to CZK 2,845 at (3,31 USD, 3,44%) and to CZK 3,000 at (34,82 USD, -2,71%). Analysts from recommend to Hold and maintains Underweight. (10,84 USD, 4,43%) said it needs about USD 34 bln in new capital which should have negative effect on other banks ahead of the "stress test" results on Thursday.