Czech market closed 0.82% down to previous trading session dragged by CEZ and TEF O2 CR. CEZ declined after weekend comment from a new Minister of Finance about possibility to sell 16% stake next year. CEZ closed at CZK 805 after being hit down even to CZK 790 level by mixed sellers. TEF O2 CR dipped by 1.75% as previous buyers turned to seller and local accounts hit it even below CZK 480 where it found bottom. Stock still trades with dividend CZK 45 until Wednesday, 20 September.
Unipetrol continued its decline from last week, when it was sold off by locals and stop losses hit the stock close to CZK 180 level, however it ended higher. Zentiva could buck the downtrend after being lifted by local investors up to CZK 1,300. Komercni slid on very thin volumes. Erste limited the index’s fall after being supported by soaring peer in Austria - Raiffeissen International, which was upgraded by Merrill Lynch.