The PX-50 index added 0.3% yesterday with USD 33m turnover. Market leaders were Komercni banka (+2.9%), closing above the psychological level of CZK 3,000 on international buying and Unipetrol, which gained 3.5% on positive news regarding its privatization. We expect the market to continue its rally: CEZ is likely to underperform the market after a couple of brokerage houses lowered their recommendations on the stock. On the other hand we expect Komercni banka and Cesky Telecom to benefit most from today's bullish sentiment.
Silvio Kotarac, Patria Finance