The PX-50 index gained 0.35% to 424.9 points yesterday. Cesky Telecom gained on the back of domestic institutional demand, adding 1.9% to CZK 321.80. Ceska sporitelna was subject to a correction and lost 1.5% to CZK 385.30. Other names traded quietly with no special interest. Total volume reached USD 11.8 mil. For today, the market is likely to trade in positive territory after a strong US close and the positive “beige book” report released last night by the Fed. We expect Cesky Telecom and CEZ to be the day’s top gainers.
(Milan Prochazka)