Cesky Telecom was the most actively traded stock of the day, trading in the CZK 481-465 price range as Telefonica’s tender bid expired. Telefonica should announce the results of the tender in due course. The opening was very strong and the stock was rushed up toward the CZK 480 level, when sizeable profit taking pushed the stock down to the CZK 465 level where it consolidated. We expect the stock to trade in the CZK 470-475 level in days to come. Yesterday, almost 13% of Zentiva stake was sold at CZK 1,040 and even though the parties involved where not disclosed, we hear a domestic financial group was on the buy side. Komercni shot up over 1.4s% on an upgrade by London banks, Unipetrol gained over 3.7% on lack of supply