The Czech market kicked off with a 0.29% gain. CEZ was once again the growth engine behind the strength as it continues to trade around all-time high levels. Cesky Telecom is returning toward the CZK 465 resistance level with some apparent demand from international buyers. Komercni continued to be pushed lower by international accounts on no apparent news. Over the last few sessions though we saw a similar pattern with KB’s regional peers like OTP. We expect mixed trading again, but investors are likely to continue pushing CEZ toward the CZK 500 line. Cesky Telecom will cap at CZK 465.