The PX-50 index gained 0.16% on a heavy volume of USD 68.8m in the SPAD trading systém yesterday, with activity being focused on Cesky Telecom and CEZ. CEZ again had a very volatile session; after strong gains in the morning the stock closed in the red after being sold off by the market on news that the company may pay out lower-than-expected dividends. More than 1m Cesky Telecom shares changed hands yesterday; foreign investors were dominating the session on both sides. For today we expect weakness across the board, Cesky Telecom might outperform the market while CEZ may be the loser of the day.
Silvio Kotarac, Patria Finance