The PX-50 index closed up 0.84% at 732.1 points on Tuesday. The market traded up again on ongoing demand from domestic and a few international accounts. Komercni banka and CEZ once again set their respective highs. Only in Cesky Telecom and Philip Morris CR we saw the first signs of profit taking. Local investors seem to be awaiting correction soon - we expect profit taking likely to occur in CEZ and Komercni banka, but we doubt that the scale of the weakness would be significant. Volume in the SPAD trading systém reached USD 42.1m.
Milan Procházka, Patria Finance