Zentiva led the losers giving up as much as 3% of its value intra-day. Zentiva follows similar trading patterns as its regional peers. Unipetrol was the most volatile stock of the day. It gained over 8% at one point, as high as CZK 425 but soon fell back to gain just 2.1% on the day. Unipetrol corrected after some speculation that number of SPAD market makers may decrease (as of today only 6 market makers will continue to quote). We remind, that in order to be listed in SPAD, there must be at least 3 market making brokers. Cesky Telecom consolidates at CZK 410 level. CEZ lost 0.6% after recent strength. Erste is expected to gain after posting better than expected results this morning. Bourse in Budapest is closed today/tomorrow for public holiday.
February’s PPI is to be released today at 9:00am CET. The market expects stable PPI m/m and a rise of 6.9% y/y, compared to 0.3% m/m and 7.2% y/y in January. Patria expects 0.0% m/m and 7.2% y/y.