The market weakened for the third day. Most of stocks finished down. The only
Telefonica O2 CR had small gain of 0.18%. The total trade volume was above the long-term averages. The activity was concentrated on CEZ and Komercni banka, good volume were also on
Telefonica O2 CR and
Zentiva. Worst of all was affected
Philip Morris after profit taking, when its mother company
Altria posted disappointing 1Q07 results. Komercni banka was under pressure and fell to
CZK 3,900.
Telefonica O2 CR rose after market open and then hovered around the
CZK 613 level. CEZ found support at
CZK 960 and closed slightly above this standard.