The PX-50 index gained 0.44% to 551.30 points on Wednesday. Cesky Telecom attacked the highest levels since May 2002, the stock is well demanded by international accounts, with a couple of domestic institutions on the sell side. Investors continue to await company announcements related to the potential acquisition of a 49% stake in Eurotel, its 51%-owned mobile operator, and dividend proposals; an AGM is scheduled for June 13. Elsewhere, Komercni traded with no particular interest, and CEZ closed unchanged. Volume in the SPAD system was USD 16.09 mil. We reiterate our view that the market is strong and may rise further in the coming days, though we do not see any particular trigger for higher trading. Today, share levels should be generally maintained, with average volumes.
Milan Procházka