Summer has fully kicked in

The Czech market closed slightly lower despite short covering at the end of the session. Today’s trading could be labelled as mixed with lighter trading volume in comparison to long term average. There was only limited international activity on the sell side; however it dragged CEZ price down by 1.2%. Komercni closed flat on low liquidity when international accounts were selling and domestic buying. Zentiva’s demand was also mixed but firmed as Hungarian pharma traded higher and chart looks good. Other than that it was quiet session with no major corporate news coming out today.