The PX-50 index closed Friday up by 1.8% on the week at 514.8 points. Most domestic blue chips saw prices rise last week, with Cesky Telecom and Komercni banka the main gainers, up by 2.6% and 2.0%, respectively. Komercni banka was again the volume leader with a volume of USD 30.3 mil. (42% of the overall market volume). CEZ was also up considerably, rising 1.3% to CZK 104.5 (the company reported somewhat mixed 2002 results last week, which we believe had only a limited impact on the stock price). Unipetrol and Erste Bank both added 0.7% on the week. The only stock to weaken was Philip Morris CR, down 0.3% to CZK 11,320. The overall market volume was USD 72.8 mil., 37.9% below the 12M average (the Prague Stock Exchange was closed on April 21 for Easter Monday).
Note that this week several national holidays in central Europe will see stock exchanges in Prague and Warsaw closed on May 1st, and the Budapest Stock Exchange will be closed on May 1st and 2nd.