Gains on CEZ and Erste led the market up. The PX Index strengthened by almost 1% and total traded volume was in line with a long term-average. CEZ reached its all-time high of the CZK 935 despite Erste’s downgrade as the stock was bid by international accounts. Also Erste Bank increased to its all-time high. Komercni banka added, but foreign sellers prevailed. Telefónica O2 CR finished at its day high of the CZK 474 on a foreign demand. Zentiva decreased slightly due to offers from international players. Orco declined admitting profit taking ahead of the 3Q06 results, which reports today after the market close.¨