The PX-50 index gained 0.09% to 795 points on Wednesday. Komercni banka accounted for almost 75% of the total volume with mostly bloc trades at the CZK 2,670 level, over EUR 44.4m worth of KB shares traded yesterday. CEZ weakened 0.7% on domestic institutional supply after posting light results last week. Cesky Telecom traded slightly above CZK 320 and we believe strong H1 results should finally start to materialize in the stock price. For today, we are expecting further bloc trading in Komercni banka, other names will not be trading with substantial volumes. Volume in the SPAD reached EUR 59.7m.
Milan Prochazka