The PX-50 index rose by 1.31% on Friday for a 31-month high. CEZ, Cesky Telecom and Unipetrol all topped 52-week highs. While trading flows were average in terms of volume, we remain bullish and expect the market to rise further (Patria has been a net buyer on the market in recent days). Volume in SPAD trading system reached USD 15.74 mil. on Friday.
Note that Thursday, May 8, is a national holiday in the Czech Republic.
Milan Procházka