Another day of buying appetite…

We have another day of buying appetite. All stock finished in black thanks to improved sentiment over emerging markets. The growth accelerated after mild US inflation figures. CEZ was in the spotlight closing at day high of CZK 740 and was supported by foreign buyers. Zentiva reached almost CZK 1,130 after interest from international accounts and weak offers. Philip Morris continued in its current rally from oversold territory reaching CZK 12,000 level. Cesky Telecom broke over CZK 480, but failed to hold there. Orco closed up fuelled by optimism about the Berlin’s acquisition. Volumes were quite good and they are still above YTD average.

Expected events:
31/5	Orco: Press conference on Luxembourg Plaza project
2/6	GENERAL ELECTIONS
3/6	GENERAL ELECTIONS