The end of the market experienced profit taking. Telefónica O2 CR was the only stock finishing in positive territory. Telefónica O2 CR gained on the back of better than expected 3Q06 results, but slid from its day high after its CEO comment that 2007 profit will be hurt by network construction in Slovakia. CEZ declined to the CZK 880 where found support. Erste Bank (EB) was quite volatile stock. EB opened at almost the EUR 56, but fell down to the EUR 54. Komercni banka decreased in sympathy with banks in the CE3 markets. Unipetrol dropped as domestic investors were on the sell side.
Zentiva continues in the way down and closed slightly below the CZK 1,250. This was the fifth day in row when Zentiva closed in red numbers. Orco showed the worst performance of the day and fell by 3.6% as it was hit by Moody’s downgrade.