Unlike in neighboring markets, Prague managed to sustain strong gains across the entire session, with CEZ and Komercni the leading gainers. CEZ continues to break all-time highs on strong demand from momentum buying. Its H1 consolidated earnings report which came above street estimates has also helped. Most of the current gains have been led by purchases from London as CEZ receives more investor coverage following its recent initiation. Komercni banka corrected after a large seller stepped back, and KB was also a recent laggard. Zentiva continues to be strongly bid both domestically and by internationals despite the fact that the lock up period for key shareholders ends by end-September - however, the market seems not to be pricing in any risk of stock overhang. Unipetrol weakened after PKN regained voting rights for its 63% stake ahead of the September 6 EGM. Despite strong closing overseas, we are now a little worried that the recent market developments are a bit "too good to be true" and we may be hit by some profit taking, similarly as in Warsaw, Budapest and Moscow yesterday.