The market in Prague edged marginally higher on Friday, when only USD 11.99 mil. worth of shares were traded. Komercni banka, continuing to lack a catalyst for growth, lost 1.29% on natural selling. CEZ, however, seems to be on the right track for further gains, as it closed Friday at CZK 113.50, and as we do not see any event in the near term which could revert its current strength. This week, we shall carefully watch developments related to Cesky Telecom (i.e., Eurotel, dividend, etc.) as its AGM approaches (June 13).
Milan procházka