The PX-50 index kicked off the week with a 0.48% upward move. Gainers were led by Cesky Telecom, which continues to be well bid both by international and domestic investors. Komercni banka saw buyers as well, although we believe any buying was inspired by the strong performance of its regional peers like OTP and Pekao and might be short lived. Philip Morris CR ended the session in the red, and today is the last trading date with rights to obtain dividends (to be approved at the April 26 AGM). CEZ continues to be well offered from London, dropping by 0.7%. Volume in the SPAD system reached EUR 37.3m.
Milan Procházka, Patria Finance