Another positive day in PSE

The Czech market finished higher thanks to late afternoon rally. The total turnover was well above the average as both international and domestic accounts were involved in trading. All stock in the Prague’s benchmark closed in black for the fourth day in row. CEZ after intraday drop closed touch higher on the late afternoon foreign buying. Strong mixed demand in Zentiva and some short-squeeze pushed the stock to more than two months high (company reports 2Q06 results on Monday). CME gained more than 10% since Monday on the back of US demand. Unipetrol was lifted by local players. The rest of the market followed positive sentiment. No major corporate news was announced. CNB hiked the key interest rate by 25bps to 2.25%.