Czech equities, as measured by the PX Index, were slightly up by 0.1% for the week to close at 1,565.5. The overall volume of trading on the PSE reached USD 767.7m, 38.8% below its 12M weekly average of USD 1,253.9m.
The most actively traded stock CEZ declined, during past week, despite continuing share buy-back by 1.3%. Negatively might by viewed prolonged shutdown of the first unit of nuclear power plan Temelin.
Komercni banka gained 3.1% and was also quite active name due interest from international accounts as added Komercni to its “most preferred” listings.
The star of the week and the best performing stock was . Media company jumped by almost 8%. Our analysts upgraded recommendation to Buy from Hold with fundamental price of USD 117 per share.
The worst performance showed with loss of 3.3% followed by O2 CR (-1.7%) and insurance company (-1.6%).
For ongoing week we do not expect any major corporate catalysts. This week there will also be a number of macroeconomic data announcements released including inflation and unemployment.