Czech market firmed led by banks and CEZ - vols thin
CEZ: traded the same way as yest - got hit down to 578 then recovered back to 585 CZK on higher el prices
KOMB: was rather better offered as it trades below 200 DMA
ERSTE: firmed on insider buying, stock still trades close to 3y lows
TELEC: better bid @ 285
NWR: was shining star again, stock jumped 100% from its lows of 2 CZK on no news
Czech market should open lower as EU stocks are indicated to open down 1%. We may see banks being underperformers while energy names like CEZ and NWR may outperform again as commodity prices are on the upside amid geo-political risk.