The Czech market finished flat after mixed session. The total traded volume was well below the long-term averages as London is closed and concentrated on CEZ only. CEZ was demanded by local accounts, while international investors locked their profit. We saw ongoing selling on Telefonica O2 CR. Erste Bank dropped back on selling pressure in Vienna. Komercni banka gained after Erste upgraded its target price to CZK 4,400. Nice Orco’s volume went through the market, but without any news. Trading with the rest of the Blue Chips was quiet.
The Czech market is closed on Tuesday, May 8. trading remains on Wednesday, May 9 as normal.