All stocks finished in red. The market closed touch above its day low. Telefonica O2 CR dragged the market down as the title was hit by Deutsche profit warning and MTEL’s weak 2Q06 results. CEZ failed to hold CZK 800 level and sank to day low at CZK 791, when weak RWE’s 2Q06 resul were not supportive. Zentiva had tested CZK 1.100 level, but managed to close at CZK 1.110. Unipetrol was sold-off to CZK 204 where local buyers speculating about good results which will be reported tomorrow. Philip Morris finished in red after downgrade from CAIB. Volumes were quite low with the respect of such a fall.
* Unipetrol reports 2Q06 numbers tomorrow (no time available), we expect net income of CZK 1.12bn
* Philip Morris was downgraded by CAIB to Sell from Buy