The Czech equity market recorded strong gains last week and all SPAD-traded blue chips saw their prices rise. The headline PX-50 index rose 6.6% to close Friday at a three-year high of 612.3 points. The PX-D index closed at 1,525.2 points, stronger by 7.7%.
The major gainer last week was Cesky Telecom, which rose by 17.6% as investors finally shrugged off fears of a stock overhang. The stock traded in an exceptionally strong volume, exceeding USD 74 mil. (152% above its 12M weekly average).
Komercni banka was the second best performer and the busiest stock last week, with USD 113 mil. worth of its shares traded; it was up 6.7% in closing Friday at a year-to-date high of CZK 2,290. CEZ rose by 5.9% to CZK 134.7, its all-time high.
Philip Morris CR gained 5.4% on the week on no apparent news and closed Friday at CZK 13,737. Erste Bank and Unipetrol rose by 4.4% and 3.6%, respectively. Ceske radiokomunikace gained a mere 0.7% last week.
The overall traded volume on the Prague Stock Exchange reached USD 245.3 mil. last week, some 80% higher than the 12M weekly average of USD 136.2 mil.