The main benchmark of the Prague’s bourse PX Index closed in positive territory. Today we saw rally in the afternoon session when international accounts were on the buy side. Volumes were above the average, but concentrated in three manes only. CEZ jumped and become the best stock of the day. CEZ was also the most trading title on the back of buying appetite of the international players which lifted price to CZK 730, but profit taking towards the end of the session pushed prices to CZK 723 level. Zentiva strongly demanded showed also very good performance, but failed to break CZK 1,000 level. Komercni banka was traded all day above CZK 3,200 but realized profit taking at the end of the day pushed price below this level. The rest of the market followed positive sentiment.
* Interest rates: In-line with expectation CNB left the key interest rate unchanged at 2%.
* CEZ: Management reiterated plans of WSE listing in 2H, but does not plan to issue new shares.
* Cesky Telecom: The court ordered to pay CZK 23m to alternative operator, CT plans to appeal court’s decision.