We saw quiet trading day on Friday. CEZ and Zentiva were market movers and also the most traded stocks. PX Index bounced and activity in SPAD increased after solid US macroeconomic data. The total traded volume was in-line with the long term average. Zentiva benefited from upgrade from ING with target price set at CZK 1,570 and closed at its all time high. Also KBC/Patria lifted its fundamental value of the stock by 12.5% to CZK 1,502 per share and maintained Buy recommendation.
Komercni banka increased more than 2% as international investors supported the stock. Orco was the star of the day with almost 3% gain as both domestic and foreign accounts dragged listing up. CEZ was actively traded both ways and finished slightly under CZK 880.