It was a massive volume day on the PSE today with the PX index flying up to the sky as it was boosted by (147 CZK, 14,84%) and banks. We saw some very heavy trading especially on , locals were on the sell side while international investors were rushing to the name. Komercni banka seems to be unstoppable, (4,09 USD, 2,76%) upgrade to “buy” with a target price of CZK 4,000 also helped. CEZ underperformed today, releasing weaker than expected 2Q09 numbers, with downgrading it to “hold” from “buy” and a target price of CZK 1,090.