The PX-50 index added 0.74% to 623.9 points on Friday. Unipetrol led the gainers as it rose by over 5% after reports that nine investors had submitted letters of intent toward the sale of the government’s 63% stake in the petrochemical holding. Other names traded sideways with no particular flow. We expect little activity here this week, particularly as US markets will be closed on Thursday for a national holiday. Among individual titles, Cesky Telecom is likely to remain trading in the CZK 270-280 range, and Komercni banka should consolidate and trade above CZK 2,400, its support line. Volume in the SPAD trading system was at USD 13.72m on Friday.
Milan Procházka