Index PX-50 gained light +0.40% yesterday, some of the Czech stocks gave back some of their gains from earlier days of this week. Komercni banka, however, continued gaining (+3.20%, over CZK 1.700) on a good volume of USD 17.33 mil. CEZ added +0.80% to USD 7.63 mil.. Philip Morris CR traded in a wide range of CZK 11,300 - CZK 10,700. Total volume reached USD 35.36 mil. For today, we expect weakness as US markets lost ground in late trading. We expect Komercni and Cesky Telecom to be the top picks for sells.
Milan Prochazka