The market was digesting Tuesday's strong rally, yet some of the shares continued to show strong growth. CEZ gained further percentage points on no news. Unipetrol continues to be well bid ahead of the Q3 report; the market seems to be pricing in strong performance. Komercni banka was better offered throughout the day, though natural selling in the name was limited. Zentiva finally tested CZK 600 - we think this level is crucial for further price moves with the perspective of strong upward momentum above this level. Cesky Telecom awaits any news release on the sale of the 51% stake. The first signals may come as soon as tomorrow as advisors are reportedly due to submit proposals to the privatisation committee but officially there is no schedule for any public statement from officials. Volume in the SPAD reached USD 51.68m.
Milan Procházka, Patria Finance