The PX-50 index gained a strong 1.84% to 560.40 points on Monday. Erste Bank, Komercni banka and CEZ all rose more than 2% on the day. Today is the last day Komercni banka stock trades with dividend rights (a gross dividend was previously announced at CZK 40 per share), and we expect the stock price to remain at its current level. In other titles, CEZ is likely to find resistance at the CZK 115, Cesky Telecom will consolidate at CZK 280, and Unipetrol’s share price seems to be set for further growth on privatization story. Volume in the SPAD trading system reached USD 23.85 mil. yesterday.
Milan Procházka