The PX-50 index closed down 0.65% to 536.10 points on Friday. The market went through a not unexpected technical correction late in the week after posting its highest level since Sept. 2000. Komercni banka was the top target for sellers on Friday, yet its volume remained average. Cesky Telecom traded in a decent level, at CZK 340, throughout the session, with both demand and supply coming from international accounts. CEZ fell 1% to CZK 110. The late-week correction came on the back of no apparent news; we still expect share prices to rise in the near term. Volume in SPAD trading system reached USD 17.48 mil. on Friday.
Milan Procházka