The PX-50 Index added 1.14% to 461.10 points on Tuesday. The gains were led by CEZ, which rallied to CZK 95, a gain of nearly 5.3%, as domestic investors welcomed the decisions taken at the company’s AGM yesterday (see below). Komercni banka traded as low as CZK 1,688 intra-day, and we expect further weakness in the stock. Cesky Telecom rose 1.6% to CZK 316.9 on foreign demand; volume in the stock was moderate though. Total market volume reached USD 16.80 mil.
(Milan Procházka)