Czech equities, as measured by the PX Index, were up by 0.9% for the week, to close at 1,898.8. The overall volume of trading on the PSE reached USD 1,045.9m, 5.2% above its 12M weekly average of USD 994.1m.
CEZ added a nice 2.5% and became the most heavily traded listing of the week, as usual. Supporting this ongoing appreciation, we can look to the continuing share-buy-back program and a couple of upgrades from analysts. moved up by 3.8% and benefited from local investor interest to push it to its all-time high. lost slightly more than 1% after its recent rally. The best performer was , which jumped up by 5.1% during past week in line with the strong performance of its US traded shares. The real developer also saw good demand from local accounts and moved up by almost 3%. The other listed company in real estate sector, , also strengthened.
For the coming week, we don't expect any major corporate catalysts to be impacting the market.