The PX-50 index closed almost unchanged at 479.9 points on Wednesday. Volume in the SPAD trading system reached USD 15.07 mil. The market traded sideways with stock prices largely unmoved. Cesky Telecom did enjoy a decent volume as more than 500,000 of its shares were traded; foreign investors dominated both the buy and sell sides. Today, we expect another day where investors mostly track geopolitical news related to Iraq/N. Korea, but despite that we think the Prague market will hold well and may even bounce higher in the coming days.
Milan Prochazka