The PX-50 index fell by 0.59% yesterday as investors took profits following significant share-price advancements Wednesday. Komercni banka traded actively but lost 0.23% on the day; more than USD 10.25 mil. worth of KB shares changed hands. Cesky Telecom traded below CZK 270 but the stock was well bid by foreign institutional accounts, particularly toward the end of the session; however, volume in the stock was only USD 1.73 mil. on the day (well below average) and consisted mostly of cross trades. For today, we expect a quiet session ahead of the weekend, with trading expected to be conducted in narrow ranges. Total volume in the SPAD reached USD 16.49 mil. yesterday.
Milan Prochazka