The Czech index PX-50 hit its long-term high again after Cesky Telecom gained 3.2% on a heavy volume. The index gained 1.3% to 823.5 points. Komercni banka traded higher in sympathy with the strength of Cesky Telecom. Other names moved sideways with no particular news flow. We will focus on Komercni banka reporting its audited statements today, but there should not be any surprises for the market as KB posted its unconsolidated figures a month ago. Continued strength of Cesky Telecom can be expected; large sellers from recent weeks seemed to step away. Volume in the SPAD reached EUR 35.1m.
Milan Procházka, Patria Finance