CEZ declined but seemed nicely bid at 830 CZK. KB eased following declining banks in our region support seen at 3 450 CZK. ORCO got hit, reported FY2005 sales numbers were somewhat disappointing to some investors.
ZENTIVA was hit hard as the aggresive long term seller came to the market again - no fundament news seen. Unipetrol fell on back of general profit taking on local oils + ERSTE has downgraded UNIPETROL to SELL.
CEZ - local bank KB has upped target to 889 CZK.Cesky telecom to report its 4Q05 numbers tommorrow after close. CNB meeting tommorrow - rates on agenda, 25bps cut expectation.