Komercni banka shot up over 2.2% as towards the end of trading a few short positions were covered; moreover, the banking sector was a strong performer throughout Europe. CEZ provided a similar pattern, though it was sold off well below CZK 450 during morning trading. Zentiva gained despite trading ex-dividend, proving that the supply of pharma shares still remains limited. We expect a continuous upbeat trend on the market in the days to come.
The April current account figure is to be released today at 10:00am CET. The market expects a deficit of CZK 9.9bn compared to a surplus of CZK 1.7bn in March. Patria expects a deficit of CZK 7bn.