The PX-50 closed up 0.2% with high turnover of USD 103m. About half of the total volume came from Cesky Telecom, where big block trades were going through the market. CEZ was the only stock in red, still under selling pressure from local investors, stock closed down 1% but still well off its day’s lows of 312 CZK. KB was stabilizing below 3200 CZK and added 0.9%. For today we expect positive session across the board, we tip CEZ and banking stocks to outperform rest of the market.
Milan Procházka, Patria Finance