The PX-50 index gained 1.27% to 550.30 points on Friday. Ceske radiokomunikace was up as much as 7% intraday on local buying as a company EGM nears (July 22) and as the market expects a clash between majority owner Bivideon and minority shareholders. The market also speculates that Bivideon will be forced by shareholders to increase its voluntary buyout offer of CZK 245 per share, which awaits SEC approval. We expect a strong session again today to start the week, with volumes expected to be average. Total volume in SPAD trading system reached USD 13.43 mil. on Friday.
Milan Procházka