The market started positively in line with strengthening neighbouring bourses. CEZ and Unipetrol led the market up. CEZ closed at the CZK 885 due to the demand from international investors in contrast to Unipetrol which was well demanded by local accounts and finished at the CZK 211. Orco closed flat in the day’s session. Erste Bank declined on the strong the EUR/CZK rate. Telefónica O2 CR (Cesky Tel.) finished also flat despite rallying METL and TPSA.
* CZK: Reached all-time high against EUR of the CZK 27.876 on the back of the optimism that the political deadlock will end soon
* Politics: President Mr. Klaus announced that he names the leader of the ODS Mirek Topolanek as Prime Minister again