The PX-50 Index gained 0.30% to 1,024 points. Overall, trading activity has dropped substantially versus Monday, total traded volume in SPAD fell below USD 46m. Philip Morris was the day’s best performer adding 2.11% d/d though lacking any relevant news flow. CEZ continues to be better sold off by domestic accounts. Czech Cabinet is to decide today on detailed sale plan of its 51% stake; we think outcome will have negligible impact on the share price. Market is likely to continue in further consolidation, we expect narrow range trading and lower than average volume in days to come as Christmas holiday nears.
Milan Procházka, Patria Finance