Komercni banka gained more than 2% on heavy volume, with some decent buying from tickets in London. CEZ however continues to be very volatile: the stock traded again below the CZK 370 level yesterday but managed to climb back towards CZK 380 near the end of the session. Volatility has recently increased across the market. The high dividend yielding Philip Morris CR, which gained over 3% yesterday, clearly represents a flight to safety. We expect a similar trading pattern today - the market is likely to tick slightly higher, again without any underlying news behind the market moves. The currency weakness may indicate a further southward move.