Czech market in the negative territory again

After the whole morning in the positive territory the Czech market slumped into red numbers in the afternoon after BOE&ECB rate hike. CEZ decreased despite very positive opening at CZK 832, after the indication from virtual power plant auction that electricity prices growth by 17.1% next year, but admitted profit taking and close at CZK 814. Day low was even at CZK 806. Komercni banka touched CZK 3,325 level after its 2Q06 results which were finally uninspiring and declined afterwards on general sell-off. Zentiva was the biggest looser today as it erased more than 2%. The international account were taking profits after 2Q06 numbers which missed expectations. CME surprisingly fell after reporting its 2Q06 figures which seems at the first glance better than expected. Conference call is still pending and looks supportive. The total traded volume on the PSE was very thin.