CEZ was the day’s leader in volume as well as in growth terms, adding 1.78% to record a fresh new high of CZK 325.10. Zentiva continues to benefit from its recent upgrade; we expect it to consolidate slightly above CZK 700 with further growth prospects in the near term towards our target price. Cesky Telecom traded at the CZK 340 level; we think market has already positioned itself ahead of the expected announcement on the sale method for the 51% stake next week on Dec 1. However, we expect that any risks of delay are likely to weaken the price as the key question of stock overhang will continue to linger in investors’ minds. Volume in the SPAD reached USD 45.68m.
Milan Procházka, Patria Finance