Traditional volume leader beaten by Zentiva

Czech market finished flat after mixed trading session with volumes boosted by Zentiva as international accounts became active in the afternoon. Internationals were active also in CEZ and TEF O2 CR. Although CEZ ticked slightly lower, foreign accounts expressed interest in the title. CME once again rallied after recent news of Lauder and Apax partnership. Bank titles diverged when Erste jumped on closing arbitrage gap while Komercni banka dropped in sympathy with other regional peers.

Expected events for the next week:
20/9	Orco: Presentation on 1H06 figures at 15:30 CET
	TEF O2 CR: Last trading day with CZK 45 dividend
21/9	TEF O2 CR: Ex-dividend day
	CME: Investors day in NYC
22/9	Unipetrol: Record day for EGM held on Sept 29