The PX-50 index gained 0.29% to 448.90 yesterday, in which the trading was mostly reserved. Komercni banka had opened strongly, but slipped back later in the day, trading downward to CZK 1,700. Komercni still serves as a good proxy for investors as it seems to be the only stock with sufficient liquidity and descent flow. We saw sellers in both Cesky Telecom and CEZ throughout the day. Today, the market will likely dip lower given the downturn on US markets yesterday.
Milan Prochazka