PX Index almost flat, CEZ and TEF O2 CR actively traded

The Czech main benchmark finished almost unchanged. CEZ and Telefónica O2 CR were actively traded and after strong open some profit taking sent both listings down. CEZ declined by 0.4% despite higher electricity prices (+3.3%). Telefónica O2 CR started in positive territory after HSBC’s upgraded its target price to CZK 575 from CZK 550, but overall lost 0.2%. Zentiva decreased being sold by foreign investors. CME followed good performance of its US trade line on Friday’s.