After touching its 10-year high last week, the Czech market finally corrected its strong gains on Friday. The PX-50 index fell by 0.81% to 748.1 points. Komercni banka led the decliners as it shrugged off 3.0% of its value. CEZ traded in a wide intraday range and ended the day down 0.6%, but we still saw buyers throughout the day. Erste Bank traded against the trend as it added 1.7% after a major brokerage house upped its target price to EUR 130. Volume in the SPAD trading systém reached USD 58.9m.
Milan Procházka, Patria Finance