Market closed in negative territory, all blue chips declined. Volume was much lower than in recent days. CEZ fell to 790 level where found a support. Cesky Telecom closed at 518 CZK, a way above the 513 CZK, where MSDW sold 700k shares today. KB fell below 3300 in-line with weakness on banks in our region. Zentiva found support at 1190 again, nice volume went through - 500k traded. Market rebounded from its intraday lows amid short covering, mainly in CEZ and Zentiva.
* CZK got hit as well as HUF and PLN
* EVENTS EXPECTED:
13/3 - Ind output (JAN) - cons +8 % yoy
14/3 - PPI (FEB) - cons +0.2 mom
ZENTIVA: Roadshow in LONDON
15/3 - CEZ: tender deadline for power plant Pljevlja -> Montenegro
17/3 - Retail sales (JAN) - cons +3% yoy