Czech equities, as measured by the PX Index, were up by 0.1% for the week, to close at 1,772.3. The overall volume of trading on the PSE reached USD 1,132.0m, 30.9% above its 12M weekly average of USD 864.7m.
CEZ was the most actively traded listing, supported by its continuing share buyback program. Overall, CEZ finished the week's session slightly down. (1 513 CZK, -1,69%) Bank closed stronger after it posted its 2Q07 results, which were reported in line with expectations. As a result, some analysts have upgraded their (61 USD, -4,10%) prices for the stock. Also, Komercni banka reported its 2Q07 numbers. Despite better than expected figures, Komercni declined by almost 3%. (1 760 CZK, -1,29%) was the worst performing stock of the past week losing 6.6%. (1 760 CZK, -1,29%) announced 2Q07 results more or less in-line with the projections, but the company put out a caution regarding its Ukrainian operations. Both real estate developers, (2 885 CZK, -1,57%) and (1 643 CZK, -1,26%), strengthened and corrected for their recent losses.
(1 236 CZK, 1,48%) released its 2Q07 results on Monday (August 6). Figures came-in according to the profit warning, which was published recently.
For the rest of this week, we do not expect any major corporate catalysts for the market. The usual amount of macroeconomic data will be released over the course of the week.