Cesky Telecom was the star performer on Friday, gaining 2.3%

The PX-50 index gained 0.82% to 837 points on Friday. The traded volume in the SPAD system reached EUR 45.5m. Cesky Telecom was the star performer of the day, gaining 2.3%, while Komercni banka and CEZ also traded higher. Gains accelerated after the US macro data release brought relief and further optimism to investors. Komercni banka was the most obvious target of buyers as it seems to be the stock most correlated to sentiment on the global markets. Cesky Telecom is likely to trade higher today after reports that Deutsche Telekom is investigating the possibility of participating in the CT privatization.

Milan Procházka, Patria Finance