The PX-50 index kicked off the new week with a light 0.16% gain on Monday, to 575.3 points, but the traded volume was well below average at only USD 9.55 mil. in the SPAD trading system. No blue-chip stocks saw increased volume or volatility. We continue to expect that Cesky Telecom’s share price will rise in the coming days, and Erste Bank should remain above the current EUR 80 (CZK 2,584) level as it continues to be well bid in Vienna. Komercni banka stock will continue to be sentiment driven, a trader’s stock, and CEZ will see local demand but profit taking on the way up to CZK 130 level.
Milan Procházka