The PX-50 index recorded a further gain (up 1.5%) yesterday as Komercni banka and Cesky Telecom continued to be well demanded. Cesky Telecom came close to topping CZK 290. As we had forecast, the market rallied after a brief correction earlier in the week, though the recent gains have occurred on rather thin volumes. Although we remain positive in outlook, another minor downward correction should not be discounted. Volume in the SPAD trading system reached USD 30.39 mil. yesterday.
Milan Procházka