We experienced pretty quiet session with total traded volume below the long-term averages. Activity was concentrated in two names. Telefonica O2
CR was the most traded stock followed by CEZ. Telefonica O2
CR showed another gain after yesterday’s target price upgrade from some broker, but was not able to break the CZK
590 level. CEZ declined by 0.3%, but only the half of usual traded volume changed hands. Komercni banka and Zentiva
were under pressure due to international players. Pegas Nonwovens
increased by 1% also thanks to foreign investors.