The PX-50 Index gained 0.45% to 447.1 points on Thursday. Total volume reached USD 16.40 mil. Surprisingly, despite dramatic losses on major European bourses, some Czech equities posted gains. Komercni banka added 1.9% to CZK 1,714 as domestic accounts lined up on the buy side. Komercni gained despite a massive sell off across the Central European banking sector yesterday (e.g., OTP Bank lost 4% on the day). Other domestic titles traded sideways. For today, locals are likely to close positions ahead of the weekend, we still would be short intraday, sellers in Komercni, domestic accounts are expected to dominate market again.
Milan Procházka