Czech market: Rally is the magic word

We enjoyed a nice rally today. The Czech market shut up immediately after opening on and followed huge rally in all emerging markets which was supported by comments of FED chairman Ben Bernanke. CEZ led the bourse high again. The stock became the best performer of the day and as usual the most traded title having more than 50% of total turnover. We saw international accounts on the buy side while domestic players were selling above CZK 770 level. Komercni banka also showed good gains as all banking sector our region. Zentiva added more than 2% thanks to international buying and was catching up performance of its regional peers. Unipetrol firmed despite being offered by foreigners.