The PX-50 index, closed yesterday for a public holiday, closed on Friday essentially unchanged, up by 0.4% to 505.50. Total volume in the SPAD system reached 10.34 mil. We expect a slow start to the new week today, with trading here likely to be uncorrelated with activity on western markets. We expect Ceske radiokomunikace to weaken further as retail investors were disappointed by the no-dividend decision coming out of last week’s company AGM, as well as by the company’s possible acquisition of the remaining 50% stake in the loss-making Contactel. Komercni seems set to remain in a negative trend. We expect that Unipetrol stock will stabilize at its current price level, with further growth likely later in the week.
Milan Procházka