The PX-50 index gained 0.35% to 460.3 points on Monday. The new week began on a quiet note as only USD 8.94 mil. worth of shares changed hands in the SPAD trading system. Philip Morris CR gave up 2.8% of its value (it closed at CZK 11,300) on mostly foreign selling. The market still awaits some indication from the government regarding the sale of its 51% stake in Cesky Telecom. For today, the market is likely to trade in positive territory once again, though we foresee no major domestic corporate news.
Milan Prochazka