The PX-50 index closed at 787.3 points on Monday

The PX-50 index came off by 0.37% to 787.3 points on Monday as the market continued to digest the H1 results. CEZ traded down 2.0% after posting a disappointing report on Friday (after market). Sellers were present on the market throughout the day and we are likely to see further weakness today. Komercni banka traded in the CZK 2,599-2,678 range, being lifted toward the end of the trading session, while volumes are still high. The stock is the best absolute performer after posting H1 results that met market estimates. Philip Morris CR shrugged off part of its 12% drop from Friday, while traded volume was still above average.   In coming days we expect a substantial drop in traded volumes as there is neither near-term news nor any local event. Volume in the SPAD systém reached USD 55.1m.

Milan Prochazka