Cesky Telecom continues to account for approximately 68% of the volume, while the rest of the market trades in lower than average volumes. Cesky Telecom continues to trade in a narrow range, with CZK 450 still representing strong resistance for the stock, as that is where the market is anticipating the minimum buyout price. CEZ gained 1.6% on foreign buying; the company presented its outlook to international investors yesterday. Unipetrol was up 1.9% on domestic buying. We continue to anticipate a focus on Cesky Telecom in terms of volume concentration but not volatility, while the rest of the market will move up on thin volumes.
The current account balance for February is to be released today at 10:00am CET. The market expects a surplus of CZK 0.8bn and Patria estimates a surplus of CZK 1.5bn.