The positive sentiment prevails over the Czech market from beginning of this week. The market strengthened the third day in row led by CEZ and Zentiva. CEZ broke through the CZK 800 level. The stock reached even CZK 817 intraday, but strong profit takers appeared. Zentiva closed at CZK 1,113 thanks to interest of foreign buyers and still catching up nice performance of Hungarian pharmas.
Erste Bank was between the biggest gainers on the back of buyers in Vienna. Komercni banka sank to CZK 3,180 and admitted profit taking from international investors, but recovered to above CZK 3,200 level again. Telefonica O2 CR declined mainly due to information that may win 3rd Slovak mobile licence, which would threaten future dividend story. Philip Morris decreased on the back of target price downgrade by some analyst. Volumes reached YTD daily average.