The PX-50 index rose 2.68% to 436.3 points on Thursday, a nine-month high. There was optimism on the market throughout the session, spurred by the positive economic news coming out of the US. Cesky Telecom was the biggest gainer, breaking the level of CZK 340, rising almost 6%. Komercni banka took a positive direction as well, and with a robust gain of 3.5% reached its highest level since November 1997. Total traded volume reached USD 33.4 mil. We believe the market has more room to gain yet; today the focus will again be on Cesky Telecom and Komercni banka.
(Milan Chmelar)