Index PX-50 lost 0.62% to 480.40 in a session with a total traded volume in SPAD of USD 4.92 mil. Low volume and virtually no activity of investors and brokers during the Mondays´ session probably beat the minimum volume record. We think the market is set to go stronger in coming days, but it probably needs catalyst in form of substantial equity rally in western Europe, and the US. At worst though, in weak times for major foreign indices, local market seems to hold its price levels well. For today`s view, looking at US close, our open will be lower, but we anticipate limited intraday price volatility across the SPAD stocks.
Milan Procházka