The PX-50 index continued to gain on the release of further positive H1 corporate earnings yesterday. The index rose 1.17% to 568.90 points. Komercni banka, CEZ and Ceske radiokomunikace all reported earnings yesterday, which were positively welcomed by investors, especially in the case of Komercni banka. The stock rose 2.2% on a heavy volume exceeding USD 25.40 mil., and Cesky Telecom rose 1.71% on a strong volume that exceeded USD 11.40. Both names have further upside potential, we believe. CEZ topped CZK 120 on its strong results. The traded volume in the SPAD system was USD 51.26 mil.
Milan Procházka