The PX-50 index slid down 0.45% to 571.40 points on Monday as investors took profits after the recent rally of domestic stock prices. The traded volume in Prague continued to remain above average, reaching USD 25.72 mil. yesterday. Cesky Telecom saw its volume exceed USD 9.24 mil., and Komercni banka saw USD 7.57 mil. worth of its shares change hands. CEZ’s share price touched CZK 125.60. While we may see a further downward correction in stock prices this week, we continue to like the fundamentals of certain stocks (e.g., Cesky Telecom) and believe that further growth is ahead.
Milan Procházka