The PX-50 index was up 1.7% last week, closing Friday at 505.7 points, having midweek posted its highest closing since January 2001 on April 8 (507.70 points). The overall market volume was USD 103.7 mil., 22% below the 12M average. Philip Morris CR, trading ex-dividend, rose 5.9% to CZK 11,464 on no apparent news. Erste Bank was also up considerably, rising 3.8% to CZK 2,253, with its traded volume (USD 14.4 mil.) 123% above the 12M average, demanded largely by foreign investors.
Komercni banka was the volume leader with a volume of USD 34.5 mil., contributing 32% to the overall market volume, though the stock lost 1.6% to CZK 1,997. CEZ broke the CZK 100 level during the week, as the stock is perceived to have further upside potential stemming from its recent acquisition of regional power distributors; it and Cesky Telecom both added 1.8% last week, closing at CZK 99.5 and 306.7, respectively. Unipetrol and Ceske radiokomunikace were both down 1.0% on the week.