The PX-50 index gained 1.23% to 453.70 points on Wednesday. Overall, the market was strong, led by domestic interest as well as foreign purchases of Philip Morris CR. The gains were mostly sentiment-driven by the bullish mood of western markets. Philip Morris CR gained 4.44% and attacked the CZK 12,000 level toward the close of the session, and CEZ traded at CZK 99 on descent foreign demand. Cesky Telecom traded with a strong supply from London, preventing the stock from any growth. Total volume on the SPAD reached USD 19.24 mil. Today we expect CEZ to test CZK 100.
Milan Prochazka