The PX-50 index gained 0.74% on a heavy volume exceeding EUR 75.4m. The major part of the volume was attributable to bloc trading in Komercni banka and Cesky Telecom. We saw matching interest in Komercni banka at the CZK 2,690 level; for Cesky Telecom we saw net buying throughout the day. The rest of the market strengthened in sympathy, CEZ is back close to the CZK 200 level. Despite negative closing in the US yesterday, we do not expect the Czech market to follow a similar pattern.
Milan Prochazka