Erste bank rose almost 2.5%, lifted by enthusiasm on the pan-European market which reached a 3-year high yesterday and continues to trade with positive momentum. CEZ was impacted by profit taking from international accounts after the stock reached its all-time high two days ago. Cesky Telecom is trading close to the CZK 460 level as the market awaits the SEC announcement relating to Telefonica’s buyout in the days to come. Sellers are still present in Zentiva, with the stock struggling to break through CZK 900. As we said yesterday, the market is poised for further growth.