Index PX-50 closed unchanged at 453,40 points on Friday, when PSE resumed regular trading session (PSE was closed since Wednesday due to the floods). Komercni banka traded in a volatile range of CZK 1,720-1,760, but most of activity was an intra-day speculation. Unipetrol stock caught market by surprise as it gained on larger than average volume, despite damages company suffered during the floods. However, the market believes Czech Agrofert will withdraw from the privatization, and new tender will be announced. For today, we believe market will trade quietly with a downwards pressure. Volume in SPAD reached USD 15.49 mil.
Milan Prochazka