The PX-50 index lost 0.14% to 692.4 points on Friday. Cesky Telecom was the most actively traded stock; traded volume exceeded USD 21.6m worth of shares changing hands. Large accounts on both sides dominated the trading. Still, at the 290 levels, we saw strong resistance. Komercni banka traded above CZK 2,600 in a good volume, should it be able to maintain the trend, we would advise to increase long positions in the stock as it seems to be getting strong upwards momentum. Recently, we saw a good-size switch from Erste Bank to Komercni banka shares. Volume in the SPAD reached USD 45.1m on Friday.
Milan Procházka