Prague had another positive session yesterday as buyers continued increasing holdings in Zentiva and CEZ. Zentiva gained over 3.5% following the recent placements by Warburg Pincus, while CEZ closed at all-time high of CZK 724 with some strong demand from international investors. Cesky Telecom may be testing the CZK 456 tender bid level (expired on 19 Sep) as some investors pulled out of the tender to sell stock at a higher market price. Locals though seem to be accumulating Cesky Telecom at that level. Volume continues to be above average.