The Czech market jumped led by Erste Bank. All stocks finished up driven by positive sentiment in the western markets. The rocket of the day was Erste Bank when added more than 5% on the back of the target price upgrade from Morgan Stanley by 8% to EUR 56.7, when we saw heavy purchases in Vienna. CEZ showed good performance again and closed at CZK 780 level as both domestic and international investors were interested. Komecni banka increase after an announcement about interest rates hike. Telefónica O2 CR (Cesky Tel) gained up to CZK 451, but sell-offs in the afternoon pushed prices to CZK 445. CME shot up just one day after analysts meeting which must have been successful.
* Czech National Bank (CNB) raised on its regular monetary meeting interest rates by 25bb to 2.50%.
* Prague's bourse will be closed tomorrow for Statehood Day, resuming business on Friday.