The PX-50 index gained 0.57% to 846.90 points on Monday. Although the morning did not bring any major surprises - we only saw retail selling of CEZ as locals were disappointed by CEZ not winning the Slovenske elektrarne tender - the later afternoon again brought sizeable institutional buying. We saw mixed demand from both domestic as well as international accounts. Komercni banka traded back above CZK 2,900 with a decent volume and lack of news. Cesky Telecom traded in a narrow range with CZK 344 top and we were net buyers of the stock on the day. We lacked any relevant domestic news flows. Volume in SPAD reached USD 50.72 mil.
Milan Procházka, Patria Finance