The Czech stocks were traded within narrow range during the day, but recovered in last 30minutes of the session. The main PX
Index closed at its intraday high, just 2pp below its all time high. The total traded volume was below the long-term averages and activity was concentrated into four names (CEZ, Komercni banka, Telefonica O2
CR and Zentiva
All blue chips traded in PSE finished in positive territory. Komercni banka showed the biggest gain of 2.18% supported by domestic and international investors. CEZ was traded around CZK
940 almost for the entire day, but boosted before close to CZK
’s target price was upgraded by domestic broker by 13% to CZK
1,700 per share whit Buy recommendation. Also Orco
was upgraded by our analysts. The fair value increased by 17.4% to EUR 140.9 per share and rating Buy remained unchanged.