The PX-50 index closed stronger by 2.08% on Wednesday, strongly rebounding from the previous day’s negative close. All SPAD-traded names were well demanded yesterday; CEZ was up as much as 5.5% inter-day after a broker’s upgrade, Philip Morris CR seems to have found its bottom at CZK 13,500. We continue to believe that Prague is set for further gains in the coming days and weeks.
Milan Procházka