Market erased all of Wednesday’s losses being pushed up by banks and Cesky Telecom, the PX-50 index gained 1.2% on a volume below the long-term average. CEZ closed back above CZK 780 level copying the uptrend on energy stocks in CEE region. Both banks gained more than 1% on mixed demand while Cesky profits from limited supply. Zentiva rebounded on low volume as lock-up period expiration is sharply approaching. We expect the market to sustain its positive momentum from yesterday, but in afternoon there may be some profit taking at the end of week.