The PX-50 index gained a modest 0.30% to 440.4 points on Tuesday, Komercni banka rose 1.1%. Otherwise, the session was extremely quiet with no particular appetite to trade. Volume in the SPAD was a lowly USD 5.34 mil. For today, we expect another quiet session; the market will look to European bourses for inspiration again. Banking titles could benefit today after Moody’s yesterday upgraded its rating of the Czech Republic’s foreign-currency debt and said it considers upgrading domestic banks’ ratings.
Milan Prochazka