The PX-50 index lost 0.40% of its value yesterday as investors continued to take profits across the market. Overall, though, the trading activity remained relatively low as yesterday’s volume on the SPAD system totaled only USD 13.8 mil. For today, we expect the market to continue trading in a narrow range with further but light price weakening of CEZ and Komercni banka shares. We still view Unipetrol and Cesky Telecom as our preferred stocks from trading point of view (their fundamentals are favorable as well).
Milan Procházka