The PX-50 index underwent a correction yesterday, gaining 2.25% to 400 points, after an early-week downturn. Yesterday’s strong gain was led by CEZ and Komercni banka, both up on the day as demand from domestic investors pushed prices higher – CEZ closed up 4.61% and Komercni banka up 2.82%. Investors’ focus was on Philip Morris CR (Tabak), however, where a large foreign seller off-loaded a massive amount of PM CR stock; more than 40,000 shares were traded. No major corporate news occurred.
Please note that the PSE will be closed tomorrow due to a public holiday in the Czech Republic.
(Milan Prochazka)