The PX-D index rose by 2.3% yesterday on turnover of USD 46m in the SPAD system. The rally was led by Erste Bank, which closed up 6.2% following trading in Vienna. Komercni banka was the most actively traded stock, adding 2.3% and trading near the CZK 2,800 level. For today we expect a negative session as the rally in the US failed and we expect the Czech market to follow western European markets today, which are likely to trade on the downside. We expect KB and CEZ to underperform the rest of the market.
Silvio Kotarac, Patria Finance