The PX-50 index rose by 1.5% last week, closing Friday at 497.2 points. The index topped 500 points on Wednesday, posting a 26-month high. Most domestic blue chips saw prices rise last week, and Unipetrol enjoyed a relatively good volume of USD 6.2 mil.; the stock closed Friday up 5.6% on the week, to CZK 45.8, advancing on privatization-related enthusiasm. Erste Bank was also considerably ahead at week’s end, up 5.1% to CZK 2,170.
Komercni banka was once again the most traded title last week, with a volume of USD 39.4 mil. (38% of the overall market volume), up 1.6% to CZK 2,029. Overall, the market volume was USD 102.5 mil. last week, 21% below the 12M average. CEZ and Cesky Telecom rose by 1.7% and 1.0%, respectively. The only stock to weaken was Philip Morris CR, down 8.9% to CZK 10,826 as it traded ex-dividend ahead of the company’s April 14 AGM.