Market collapsed by general sell-off across the emerging markets in Europe. Retail stop-losses hit the market very hard. Cesky Telecom dropped to CZK 430 level where found bottom and now offers 10.4% dividend yield. Philip Morris tested CZK 10,000 level. Unipetrol sank to CZK 208 after retail stop-losses. Zentiva was intraday down by 10% as it was sold by foreign accounts. CEZ reached the bottom at CZK 710, but was lifted towards the close by international buyers and finished above CZK 730. Volumes jumped significantly above the average.
Orco reports its 1Q06 numbers today at 6pm London time.
Cesky Telecom was upgraded by Patria/KBC to Buy from Hold, fair value of CZK 510 remains.
Komercni banka trades the last day with dividend of CZK 250 tomorrow.