The PX-50 index closed up 0.75% on Wednesday. We saw insignificant price moves on average volumes. CEZ ended slightly up but still faces resistance from local accounts on the way up, and trading in Cesky Telecom is clouded by the potential overhang of the upcoming privatisation of the 51% stake. We believe that Cesky Telecom will dominate the headlines and investor appetites until the privatisation issue is resolved. Komercni banka closed the day up 0.14%. Volume in the SPAD system reached USD 37.84m.
Milan Prochazka, Patria Finance