The PX-50 Index gained 0.44% with total turnover of USD 35m. Cesky Telecom was the most actively traded stock and it closed up 0.6% on a reasonable turnover. The stock was very volatiltile yesterday and it traded within a 10 CZK range. Trading at other names was very quiet, KB closed down 0.5% and was the only loser yesterday. Unipetrol closed up 2.5% and was the winner of the session. For today we again expect a low activity due to bank holiday in London. The index id likely to be traded modestly higher on the expectations of year-end windowdressing.
Please note that assuming standard T+3 settlement, today’s settlement is January 3, 2005.
Silvio Kotarac, Patria Finance