Czech market underwent further correction yesterday, volume picked and more international accounts were involved. CEZ, Komercni and Unipetrol continued to be the biggest laggards of the day. Cesky Telecom dropped below CZK 490 level on international supply. We however continue to see dip buyers on the main blue chips as many have already build positions for 2006. Czech market will be closed tomorrow for public holiday.
Please note that the Czech market is closed on Thursday, 17 November, due to a public holiday. Trading resumes on Friday, 18 November, as normal.