The PX-50 index closed up 0.55% on Friday to 636.7 points. The market absorbed the 9M earnings reports of the domestic blue chips, and Komercni banka caused some surprise when after posting flat results the stock gained 3.50% to CZK 2,450. CEZ was unchanged and traded above CZK 140 again, and Cesky Telecom traded near the CZK 280 level. We continue to like Cesky Telecom stock, as we see upside potential; CEZ, Komercni banka and Erste Bank seem to be trading with resistance and may face a correction in the coming days. Volume in the SPAD trading system reached USD 25.79m on Friday.
Milan Procházka