The Czech market set its new record. The main
PX index gained more than 1.2%. The CEZ and
Telefonica O2 CR were market movers and some activity was seen on
Erste Bank and
Zentiva.
Telefonica O2 CR show strong rally increasing by 3.8%, after one broker upgraded its target price to
CZK 750 from
CZK 650. The stock reached its all time high of
CZK 579.5, but during the day it touched even
CZK 587 and over 1.6m shares changed hands. CEZ got higher thanks to international investors and finished above the
CZK 960 level. New listing Pegas strengthened by 1.6%. We saw limited profit taking on Komercni banka and Ocro. The total traded volume was higher than the long-term averages.