Czech stocks: The correction of recent losses continues

The Czech market increased and continued in its technical rebound. All stocks finished up, Philip Morris was the only exception. Komercni banka jumped, but we saw profit taking around CZK 3,300 level. CEZ gained as was supported by international demand and managed to finish close to day high. CEZ was the most traded stock, as usual. Unipetrol added following its energy peers in the region, when local accounts were active. Zentiva soared on the back of foreign buying and profit taking were realized about CZK 960 level. Ocro was the winner of today’s session adding 4%. The stock was well demand in Paris without any major news.