The PX-50 index added 0.4% to 616.3 points yesterday on pre-Christmas activity. Volume was below average and only reached USD 14.5m. Komercni banka was the best performing stock yesterday and added 0.77%. Cesky Telecom saw mild profit taking and lost 0.8%. Erste Bank continued falling and lost 0.7%, while during the day the stock was traded bellow CZK 2,900 per share. Other titles were quiet with only very limited interest. For today we expect a quiet session again, with most of the blue chips likely to trade in positive territory with low activity. We expect banks to outperform the rest of the market today.
Silvio Kotarac