The PX-50 index gained 0.3% to 574.4 points on Friday, for a total gain of 2% on the week. Volume was stagnant at USD 13.55 mil., though. CEZ topped CZK 129, intraday, but later corrected to CZK 127 on local profit taking, Cesky Telecom closed at CZK 276.50, up 0.3%. We continue to expect that the Czech market will rise in value in the short term.
Milan Procházka