The market closed slightly stronger led by Komercni banka and Philip Morris. CEZ remained the most traded stock. The title reached CZK 831 in the morning, but closed at CZK 815 as it admitted profit taking. Komercni banka jumped on the speculations that it will post better than expected 2Q06 results on Thursday (August 3), the traded volume was quite thin. Telefonica O2 CR firmed on mixed demand, the foreign sellers appeared at CZK 489-490 level. Erste Bank declined, despite posting 2Q06 results bang in-line with expectation. Zentiva got hammered as the 1H06 Net Income came much lower than the consensus, but recovered on short covering. The best performer of the day became Philip Morris with more 3% jump on the back of no news and the weak offers.