Czech market slipped but CEZ, KOMB, (85,02 CZK, 0,38%) managed to close in positive territory.
CEZ: dull trading in the morning around 725 CZK level, lifted sharply toward the close by international buyers, finished @ day high of 732 CZK in MOC auction.
KOMB: rather thin trading, mainly in x-trades, stock well supported despite sell-off in EU banking sector.
ERSTE: dropped in line with EU banking sector.
SPTT: ongoing sell pressure, just locals on the buy side around 385-386 CZK levels, heavy int. supply in the market
: gained support by mixed buyers, market well balanced around 85 CZK level.
Czech market should open lower along with EU stocks that are called lower by roughly 0.5%. All main names will likely to open in red but losses will probably be limited thanks to international buyers in CEZ and KOMB. (386,9 CZK, -1,50%) may find support around 380 CZK, int. sellers are expected to remain active today also as (615,3 GBp, -0,26%) cuts the stock to NEUTRAL from O/WEIGHT.
Shares of Slovak company Tatry Mountain Resorts (TMR), which owns and runs ski centres and hotels in the Low and High Tatras, starts trading on PSE today. Market cap of the company is 293.8 mln. EUR as of Friday close.