The PX-50 index gained a light 0.16% to 621.6 points yesterday, as investor activity was subdued. Cesky Telecom (CT) has traded in a volume exceeding USD 8 mil., it rose 2.51% to CZK 286. Some natural buys were present in CT yesterday, though there were few active accounts. By and large, the recent development of the stock is in-line with our expectations; we expect the stock to gradually loose its volatility now as investors await details of the upcoming SPO of the CT minority shareholder, Telsource. Other equities are likely to remain sentiment-driven today, though CEZ may be expected to retain its strong upward momentum. Volume in the SPAD trading system reached USD 22.58 mil. on Wednesday.
Milan Prochazka