The second day in the sun

The Czech market finished in positive territory for the second day in row. The market rallied in the afternoon on the back of international buying appetite and short covering. CEZ was good demanded by foreign players on the back of high electricity prices. Zentiva showed the best performance and followed its regional peers as the whole pharmaceutical sector was the target of international accounts. Komercni banka was actively traded and both banks form PX index closed also in black numbers. The rest of the market followed positive mood in region. We had lack of any major corporate news today.