Another wave of profit taking hit the Czech market on Friday. Komercni banka declined 2.4% to below CZK 3,300. The rest of the market moved lower in sympathy. Overall, the market continues to lack any catalyst or news flow. We remain focused on Unipetrol as the deadline for binding bids nears. Volume in the SPAD system reached USD 35.8m.
Recall that today is the record date for the April 26 Philip Morris CR AGM and also the effective dividend record date.
Milan Procházka, Patria Finance