The PX-50 index closed Friday at 751 points (+0.4%) and the PX-D index declined by 0.2% to 1,865 points. The overall traded volume was USD 372.7m last week, which is 63% above the 12M weekly average. Most of the Czech blue chips saw their prices fall, with the loser of the week being Unipetrol, which lost 6.2% to CZK 62.5 on the back of reports that the privatization bidders were dissatisfied with access to data during due diligence.
Komercni banka gave back 0.8% to CZK 2,795 and was the most actively traded title last week (USD 107.1m). Cesky Telecom closed Friday at CZK 310.3, down 0.5%. Philip Morris CR and Erste Bank declined by 0.4% and 0.1% respectively. On the other hand, CEZ rose by 1.4% to CZK 172.9 with USD 92.5m worth of its shares changing hands. České radiokomunikace added 0.3% to CZK 406.1.
This week will see most of the Czech blue chips reporting their FY 2003 results.
Jitka Oppitzová, Patria Finance