The PX-50 index continued strengthening on Friday, closing up 1.10% to 485.20 points. Komercni banka and Philip Morris CR both added over 2%, and Cesky Telecom tested and then traded above the CZK 300 level, well demanded by foreign accounts; it closed up 1.92% Komercni banka and Philip Morris CR advances were driven more by local brokers. Volume in the SPAD system was USD 12.92 mil., an average volume. For today, we expect a quiet session, with a possible lower opening as the war in Iraq may require more time to complete than recently thought.
Milan Procházka