Index PX-50 closed down 0.11% to 564.9 points. Volume in SPAD reached only USD 6.55 mil. Philip Morris CR dropped further 1.8% to levels below CZK 13,000. Investors might now increasingly perceive that the stock offers an interesting dividend yield with sound fundamentals and, from the trading point of view, we advise customers to accumulate PM CR more aggressively at current levels. CEZ continues to trade on a positive, upward momentum, though only USD 1.20 mil. worth of shares traded yesterday, we are likely to test CZK 125 and higher levels in coming days. Komercni banka will consolidate at CZK 2,100, it lacks near term catalyst and is likely to follow global investment sentiment.
Milan Procházka