The Czech market sustained its recent growth trend on Tuesday (the market was closed yesterday for a public holiday in the Czech Republic) as, most notably, CEZ posted a further gain of 1% to CZK 93.45 on a modest volume. Total market volume reached USD 18.3 mil. For today, the market will likely try to catch up with yesterday’s strong gains in Western Europe and the Americas, where tech stocks rallied. We believe Cesky Telecom might attract investor attention here as its regional peers (MATAV and TPSA) posted strong gains yesterday.
(Milan Prochazka)