The Czech market gained almost 1% led by Orco and CEZ. Almost all stocks finished up, in-line with positive sentiment in CE3 region. Orco rocketed by more than 5% thanks to Morgan Stanley’s upgrade of its target price to EUR 164.1 (CZK 4,545) and recommendation overweight. CEZ closed above the CZK 940 level despite fall of energy prices as the demand from international accounts was quite strong. CME was the only exception closing slightly in red numbers. The total traded volumes were according to the long-term average.