Market closed flat despite strong rally on neighbouring markets - volumes are back to normal levels. Zentiva jumped to all-time high supported by JPM's new coverage. CEZ failed to break 750 levels today again - local accounts on the sell side. Orco soared on yesterday's CITI upgrade - year-to-date +12 %. KB was lifted to levels of 3510 CZK - foreign buyers. Erste dipped on share overhang fears - sellers on both markets seen. Unipetrol did not follow the rally on energy stocks in the
region - mixed sellers.
Zentiva - JPM rates ZEN "overweight" - target price 1300 CZK.