The Prague Stock Exchange’s PX-50 index rose by 4.6% last week in closing at a three-year high on Friday (581.3 points), and the blue-chip PX-D index rose by 4.5%. The weekly volume was USD 217.8 mil., which was 56% above the 12M weekly average of USD 138.3 mil.
The leading title last week was Ceske Radiokomunikace, which rose by 15.8%. The stock was in the spotlight even before its owner, Bivideon, announced that it was considering a public buyout of minority shareholders. Cesky Telecom was the most-traded stock, with USD 80.6 mil. worth of shares traded, when the announcement of less-than-expected price for a 49% stake in Eurotel and a generous dividend proposal led to a gain in the stock price of 7.6%.
In other names, Philip Morris CR shot up by 11.3% to CZK 13,826, CEZ retained its good momentum and rose by 3.7% to CZK 117.5, and Unipetrol and Erste Bank added 4.3% and 3.8%, respectively. The only loser was Komercni banka, which lost 1.0% to CZK 2,055.