The market gained as main players were Erste and Telefónica O2 CR and Zentiva. Erste Bank added almost 2% after a nice demand in Vienna. Zentiva jumped from the oversold territory of the CZK 1,200 seen yesterday. Foreign accounts were on both sides and a good volume went through the market. Komercni banka closed at the CZK 3,280 stronger by 0.4%. Telefónica O2 CR increased to the CZK 457.4, the CZK 460 was seen as the resistance. CME gained due to the arbitrage gap. CEZ declined after posting 3Q06 results, which were slightly below the consensus on the net profit level, the operating profit and sales were in line. Management of the company raised its guidance for FY2006 net profit to the CZK 28.5bn from the CZK 28bn.