The PX-50 index stagnated at 438.2 points on Friday. CEZ rallied and rose by 3.6 % to CZK 92.80 on strong foreign demand. Philip Morris CR rose by 1.9% to CZK 11,695, much of the demand coming from domestic accounts. For today, we expect a slow start (markets in Poland are closed, so to the US bond market) and a lower opening given Friday’s negative close of US markets. Volume in the SPAD reached USD 19.93 mil. on Friday.
Milan Prochazka