The PX-50 Index gained 0.76% yesterday on a total SPAD-traded volume USD 27.4 mil. The biggest gainer was Erste Bank (+3.2%), while the biggest loser was Philip Morris CR (-2.4%). Most of the volume was centred in Komercni banka, which traded within a wide range of CZK 2,560-2,620, and which closed near its intra-day high at slightly above CZK 2,600. Other names closed with modest gains on only limited investor interest. We expect modest further gains in the market today; we tip Komercni banka to outperform other stocks, while Philip Morris CR might see further profit taking.
Silvio Kotarac