Index PX-50 gained 1.16% to 497.20 points on Friday, led by an upward correction of Cesky Telecom share price back above the CZK 300 level. Unipetrol continued to rally, adding over 2.26% to CZK 46 - stock does not trade on corporate news, but rather on privatization-related enthusiasm. CEZ traded unchanged, Komercni gained 1%. Today, markets across Western Europe are likely to trade substantially higher as Allies enter the center of Baghdad, Czech market, however, recently it failed to follow trends in western markets, therefore we do not expect any substantial gains here, as it might be the case in peer markets in Hungary and Poland. Still, the domestic indexes should trade in a positive territory. Volume traded in SPAD reached only USD 9.24 mil. on Friday.
Milan Procházka