The PX-50 index gained 2.34% to 420.2 points on Friday, led higher by the 6.9% gain of Erste Bank. Erste rallied in line with the strength of major pan-European banking stocks. Komercni banka rose 1.5% on a volume in the SPAD of USD 14.12 mil. Beside the banks’ strengthening, Cesky Telecom rose 3.0% to CZK 235. Volume in the SPAD reached USD 33 mil. Today, the domestic market will be early watching the reactions of European bourses to the strong US markets’ close on Friday.
Milan Prochazka