Cesky Telecom and Komercni banka will remain in our focus

The PX-50 index was up marginally yesterday, rising 0.06% to 624.4 points in a relatively active trading session. Cesky Telecom was the busiest stock, losing 2.3% of its value on the day. There was no specific news behind the sell-off; rather, the weakening came as TelSource, a KPN/Swisscom consortium, prepares to sell its 27% stake in CT to institutional investors. Komercni banka, on the other hand, gained some 1.6% on international buying, again on no specific news. To the end of the week, we expect that Prague will be relatively quiet, especially as US markets are closed today for a public holiday, though lower liquidity may though mean increased volatility. Cesky Telecom and Komercni banka will remain in our focus. Volume in the SPAD trading system reached USD 31.38m yesterday.

Milan Procházka