The PX-50 index gained 0.83% to 619.3 points in reversing sharp losses in stock prices observed on Wednesday. Komercni banka came back from the previous session’s loss and added some 3.56% yesterday, trading above CZK 2,400 near the end of the session. Philip Morris CR touched CZK 13,000, an intra-day low; we consider the stock an attractive buy opportunity at such price. The rest of the market is likely to continue trading on a positive note today, and we believe that all names quoted in the SPAD trading system will continue to post gains in the days to come. Volume in the SPAD reached USD 65.48 mil. yesterday.
Milan Prochazka