The PX-50 index gained 0.74% to 438.1 points on Thursday, as investors aggressively bought into Komercni banka and Philip Morris CR. Komercni added 2.2% and Philip Morris CR gained 3.4% on the day. Overall, volume on the SPAD remained moderate at USD 16.42 mil. For today, we expect a downward correction, Cesky Telecom could give back some of its recent gains following a top public servant’s comments yesterday on CT privatization (see below); the weakness of US indices suggests a weak opening.
Milan Prochazka