The Czech market was boring today, blue chips have traded in a narrow range, just KB was an exception. CEZ slid without major volumes, Salomon's upgrade didn't attract any major buying appetite. KB jumped above 3400 CZK being bid by foreign accounts, but failed to hold these levels amid late profit taking. Telefonica O2 closed in positive territory despite falling Matav and TPSA. Zentiva eased due to late profit taking, which hit the price. Otherwise it traded above 1130 CZK. CME fell due to problems in Ukraine.
* CEZ - Salo has upped its target to 1100 CZK from 1000 CZK