Index closed at its new all time high breaking the 1,800 points level for the first time. The total traded volume was slightly below the long-term average. Komercni banka was quite strong and easily broke the CZK
4,100 level before the end of the session on international demand. We also saw the increased activity on Unipetrol
after rumours about possible share buyback. Renewed interest in Philip Morris
pushed the price above the CZK
9,700 level. Our analysts cut the fair value of PM
CR to CZK
10,357, but recommendation Buy remained unchanged. Textile producer Pegas Nonwovens
finished slightly in red territory after its main competitor Fiberweb cut profit forecast of its US activity.