Czech market’s performance has been the worst today in comparison to local markets as it declined by 2.3%. Market got hit at close as Komercni and Telefonica O2 CR were sold off. This week once again all stock closed in red with traded volumes a way below daily average. Although there were no news concerning CME, title was hit the most as it performed poorly in US yesterday and there were domestic as well as international sellers.
Telefonica O2 CR was the weakest telco in our region, raising questions on switching to Matav. Komercni dropped below CZK 3,000 in final 3 minutes as there were no buyers. CEZ closed near to today’s high due to foreign buyers. Furthermore it was helped by high energy prices. Zentiva got hammered by mixed sellers and closed day’s low of CZK 1,013.