The PX-50 index rose 0.30% yesterday as CEZ erased its losses from earlier in the week and rose by 1.80%, pulling the market up. There was a decent two-way business in the stock as its price growth followed a brokerage upgrade. Cesky Telecom, on the other hand, traded down, to under CZK 280. We expect the market will remain consolidated at its current level the remainder of the week. Volume on the PSE reached USD 32.5 mil. yesterday.
Milan Prochazka