Czech market performed the worse in the region, when it wiped 2.5% and closed to intra-day low as sellers continued in profit-taking in afternoon session. Heavy volumes were traded in CEZ again when international accounts were on both sides. TEF O2 CR dropped 3.2% as domestic retail was selling the stock. Both banks came off in the sympathy with the regional peers. Zentiva outperformed market as recent domestic buyers stepped back in market, nonetheless declined by 0.5%.
Expected events:
25/9 TEF O2 CR: Record day for dividend CZK 45 (settlement)
27/09 Macro: CNB meeting, rates on the agenda, no change expected
28/09 PSE will be closed due to bank holiday, trading resumes on Friday
29/09 Unipetrol: EGM, no dividend on the agenda