Czech market traded in red, but rose to positive territory at close

Market was traded in red almost whole day, but late rally helped main indices to close in positive territory. KB was in the spotlight having the best performance - it jumped in final 30 minutes on strong international demand. CEZ was volatile again - lifted up to 757 in the morning, being sold-off down to 745 levels, but closed at 755 again. Erste was under sell pressure - investors prepare themselves for the new shares issue. Zentiva was not able to gain - foreign supply - local demand. Healthy profit taking came on Orco - foreign sellers.

* CEZ - CAIB has increased target to 850 CZK from 752 CZK - keeps BUY