The PX-50 index rallied for a 3.05% gain as Western European telcos and technology titles underwent corrections. CEZ rose 5% on strong domestic demand, the offer side was weak. We observed some institutional presence on the market, but retail investors were dominant. Volume in the SPAD reached USD 17.70 mil. Today, the market is likely to copy western markets again as international investors await Nokia’s Q2 results (due today at 11am CET) and as the market in Prague lacks major domestic news.
Milan Prochazka