The PX-50 index gained another 1.3% yesterday on a massive volume of USD 60 mil. About two-thirds of the volume was done in Komercni banka, which gained 2.2% on the day. The biggest gainer was Philip Morris CR, which closed 5.7% higher. CEZ and Cesky Telecom closed flat on lower activity. Ceske radiokomunikace lost 3.4% after Bivideon, its majority owner, announced plans for a voluntary buyout offer. For today, we expect a lower opening and profit taking in most titles.
Silvio Kotarac