The PX-50 index closed down 0.37% at 782.5 points on Thursday, with CEZ leading the losers as the market fears the company's aggressive bid for its latest acquisition target in Slovakia. Recent comments regarding the sale of the state's 16% stake are not supporting growth either. Cesky Telecom continues to trade in a narrow range awaiting further details on its privatization and interest from bidders. Philip Morris CR is seeing demand from London, but growth is still unconvincing. We will again be focusing on CEZ today and expecting Komercni banka to trade below CZK 2,600. Volume in the SPAD reached USD 36.43m.
Milan Prochazka, Patria Finance