The Czech market rose by 2.86% on Tuesday, when demand was led by large foreign orders. The investment mood could be further bolstered by favourable domestic inflation data and expectations of an interest-rate cut. As for Czech equities yesterday, CEZ saw a strong gain of more than 6%, and Komercní banka was up by 3%. Unipetrol and Ceske radiokomunikace, both rather illiquid, rose by 7.4% and 6%, respectively. Cesky Telecom, strong at the opening, tumbled when investors began taking profits at the CZK 270 level; the stock had an intra-day low of CZK 257, but rebounded again toward the end of the session. Total market volume was USD 31 mil.
Milan Prochazka