The PX-50 index stagnated yesterday at 434.6 points. Komercni banka continued to strengthen and added 2.8% to CZK 1,782. However, Ceske radiokomunikace and Cesky Telecom were both down considerably: Cesky Tel lost 4.1% to CZK 229 and Ceske radio lost 4.5% to CZK 179 – a 6 year low for the stock, and this on no apparent news. Volume in the SPAD reached USD 16.98 mil. For today, we expect the market to ease off again, Komercni banka could face selling pressure from domestic accounts seeking profits.
Milan Prochazka