Czech market closed lower as all blue-chips fell on pft taking. CEZ: despite good news re Albania settlement stock dropped on pft taking KOMB: was a fat finger trade when someone hit the stock down to 4490 CZK (-6%) in the afternoon - otherwise we saw intls on both sides. ERSTE: still on the downside amid ongoing pft taking. SPTT: trading in a range of 293.5-294 - no major size went thru market today.
Czech market should open lower as US and ASIAN markets retreated on Iraq tentions. We should see all main names being traded in red amid ongoing profit taking. CEZ will probably trade slightly lower but its Albanian settlement of 2,75bln CZK should limit the decline. Banks should again come off but some rebound toward the close as it got hit hard recently.