The PX-50 index closed down 0.3% on Friday, driven by ongoing profit taking on most of issues. Total turnover in the SPAD trading system was USD 22 mil. The only stock that remained in positive territory was Philip Morris CR, with a 1.5% gain. For today, we expect further profit taking on most of titles, including on Philip Morris CR, which currently sits at an all-time high. Komercni banka could benefit from a Standard & Poor’s credit-ratings upgrade (see below), which came late on Friday afternoon, and it might be expected to outperform the rest of the market.
Silvio Kotarac