Prague closed unchanged on Monday, despite Komercni’s and Unipetrol’s gains of 1.90% and 3.78%, respectively. Komercni banka continued to rise as investor due diligence began and as a couple of foreign buyers emerged. The stock traded in a good volume of more than 200,000 shares and was the most-traded Czech stock yesterday. We, however, still advise clients to take a cautious approach as Komercni trades close to the psychological CZK 1,000 level and also trades with a significant premium to its regional peers on a P/BV basis. Unipetrol was strong as locals took interest in the news that Norex Petroleum of Canada reportedly expressed interest in Unipetrol privatization in a recent letter to government officials. Total market volume reached USD 17.61 mil. on Monday.