The PX-50 index gained 0.22% to 837.5 on Friday. Investors continued to watch Unipetrol as Friday was the deadline for binding bids for the government's 63% stake. PKN Orlen turned out to be the sole bidder in the tender; the reported price has exceeded our expectations and we expect a strong rally on back of the results. Komercni banka traded in a good volume and even though it continues to be well offered by international accounts, the stock is holding its level well and we expect an up-tick in the days to come prior to Q1 results. The Q1 results will be key drivers for this week's market direction. Volume in the SPAD systém reached USD 47.48m.
Milan Prochazka