The Czech market closed down the second day in a row as investors are taking profits home before public holiday (July 5 and 6). The market was not liquid for whole day. CEZ was the only actively traded stock. CEZ decreased when the title was offered all day, despite another upgrade by UBS with the fair value of CZK 1,010. It is the second upgrade in two days. Philip Morris failed sharply after international supply on the back of no news. Only Zentiva, Orco and CME finished in the positive territory. Orco was the best of the day when the stock was supported by Viterra acquisition and positive outlook.
The Czech market will be closed on Wednesday and Thursday (July 5 and 6) due to public holiday. Trading resumes on Friday (July 7) as normal.