The headline PX-50 index rose by 0.7% on the week to close at 837.5 points, while the blue-chip PX-D index added a moderate 0.2% to 2,091.3 points.
Cesky Telecom recorded a decline of 2.7% to CZK 346 last week after news appeared regarding intensified disputes between the managements of CT and its mobile arm Eurotel. CT was the second-most-traded title with a volume of USD 67m. Philip Morris CR lost 1.6 % ahead of today's AGM and dividend announcement; liquidity declined significantly after trading ex-dividend. Erste Bank was another falling stock, finishing the week at 4,073, down 0.7%.
On the other hand, Ceske radiokomunikace (+6.0%) continued to be well bid despite the lack of news; the turnover of Cra shares rose substantially to USD 10m. CEZ rose 3.4% to CZK 194.20, followed by Unipetrol, which closed the week almost 2% higher. Unipetrol stock was driven by pre-privatization speculations as the tender outcome was announced on Friday evening. Komercni banka was again the most liquid stock on the PSE last week, reaching a turnover of USD 105.5m.
The overall traded volume reached USD 310.6m, up 5% m-o-m and 19% above the 12M weekly average of USD 261m.
Jan Hájek, Patria Finance