The PX-50 index shot up 0.91% to 419.90 points on Friday. Komercni banka rallied on the back of both domestic as well as international interest, gaining more than 6.14% to close at CZK 1,382. Ceska sporitelna traded in line, gaining 0.78% to CZK 386, though in this case the buyers were primarily local investment funds. Other names traded with no particular interest. Total volume reached USD 26.77 mil. Today, the market might strengthen on the back of Friday’s rally in the US, but we expect volume to be low as international interest could be weak, as is often the case on Mondays.
(Milan Prochazka)