The PX-50 index gained 0.14% to 430.1 points on Friday. The market was calm ahead of Saturday’s Irish referendum on the Nice Treaty related to EU enlargement (see below). Erste Bank continued to outperform the market as pan-European banking titles continued to strengthen. Komercni banka, on the other hand, gave up some of its gains from earlier in the last week and closed Friday down 2.0% at CZK 1,689. Volume in the SPAD was USD 11.32 mil. For today, the markets could gain--besides Ireland’s ratification of the Nice Treaty, US markets rose on Friday, which favors a stronger opening here to start the week.
Milan Prochazka