The PX-50 index gained 1.34% to 439.7 points, led by the further gains of Komercni banka and Ceske radiokomunikace. Komercni banka added 2.81% to CZK 1,683 as local brokers closed some of their short positions. Ceska sporitelna traded in a higher-than-average volume as the buyout offer by AVS (at CZK 375 per share) became effective. Total market volume reached USD 57.65 mil. For today, we expect the market to continue to trade on a positive note, though Ceske radio is likely to lose some of its value as the outcome of yesterday’s EGM might disappoint.
(Milan Prochazka)