Overall, the session was rather quiet with a lack of domestic news and natural flows. Weakness in Komercni banka and CEZ was partly the result of profit taking from local investors. Cesky telecom continues to trade in a narrow range as the market awaits the government decision on the sale of the 51% stake in weeks to come. We expect a series of speculations to hit the market in coming days, but still view any weakness in the stock as a buying opportunity. This view is based on the belief that the 51% stake will be placed in the SPO and that such transaction is already priced in at current price levels. Volume in the SPAD reached USD
Milan Procházka, Patria Finance