Market gained, firming 4th day in a row led by Telefonica 02 CR, CEZ and CME. Komercni banka declined. TEF02 jumped supported by nice performance of MTEL and TPSA , flirted with 500 CZK level. CEZ finally closed a hair higher, found support at 909 CZK being bid by international investors.CME soared even to 1745 CZK intraday thanks to Wood's upped target price to 100 USD. Komercni banka dropped on back of CITI's downgrade to HOLD from BUY, reducing target price to 3450 CZK from 3580 CZK.
The total traded volume was below the long-term average.