The PX-50 index gained 1.37% to 620.4 points yesterday, correcting losses from the beginning of the week. Cesky Telecom gained 3.6% to CZK 290 as some investment funds reinvested dividends that were paid on Monday; Komercni banka added 1.5% after what we believe was a technical correction the previous session; and CEZ continued to extend its gains on good momentum, it traded at a nine-year high. We believe the market is still strong, and that one-step back and two-steps forward is how the market will likely trade in the near term. Volume in SPAD trading system reached USD 32.11m on Tuesday.
Milan Procházka