PX-50 index gained 0.27% to 489.80 points on Friday. CEZ’s share price continued to strengthen as it added a further 1.33% to close above CZK 96. Its strength is attributed to the long-awaited completion of the power utility’s acquisition of stakes in eight domestic power distributors.
Philip Morris CR traded in a descent volume in excess of USD 2.64 mil. for a gain of 0.54% as the company’s AGM and dividend approval approach. Other names traded quietly. Today, we look for a lower opening with only CEZ and Philip Morris CR possibly trading on the upside. Volume in the SPAD trading system reached USD 8.59 mil. on Friday.