The market closed down admitted profit taking as mood on the advanced markets worsened. Erste Bank dragged the index down thanks to disappointing 3Q06 results. The stock strongly recovered towards the end of the session in Vienna. CEZ declined testing the CZK 860 level, which managed to hold. Electricity prices and CO2 allowances prices also declined.
Despite falling neighbouring peers Komercni banka defended the CZK 3,400. Zentiva decreased again even after posted better than expected 3Q06 results as foreign account were on the sell side. Unipetrol was the only stock finishing up supported by local players on no news. Telefónica O2 CR closed below the CZK 460. Company did not provide any guidance for dividend payout and did not outline cost of the entrance to Slovakian mobile market.