Prague stock market strengthened the second day in row. Active morning session converted to dull in the afternoon. CEZ jumped in the morning, but we saw profit taking in after lunch. CME added more than 3% after yesterday’s positive 1Q06 results and bullish conference call. Philip Morris was the best performer of the day adding 4.3% and finished above CZK 14,000 level. Zentiva profited form rally in the sector.
Note that Prague’s stock exchange is closed on Monday, May 8 due to public holiday. Trading resumes as normal on Tuesday, May 9.