The Czech market closed down by 0.8% today. The market opened up on the back of positive US closing, however did not managed to maintain black numbers as stocks went south in the afternoon. We were the witnesses of same trading pattern as we could see in the recent days. The international accounts were actively offering stocks across the whole board, mainly CEZ and Zentiva. Zentiva reached CZK 1,026 level, but finished below thousand at CZK 996 on the back of late sell-off. Cesky Telecom dropped and traded volumes were quite thin. Just Orco showed a good performance and gained almost 1.5%. We believe that acquisition of German developer Viterra still supports the stock.
• CZK eased against USD/EUR significantly