The PX-50 index closed up 0.58% at 417.7. Ceska sporitelna was the day’s leader both in terms of volume and price gain, closing at an all-time high. The stock rose 6.67% to CZK 381 on a heavy volume of USD 10.86 mil. Trading in Cesky Telecom was highly volatile yesterday, ahead of the publication of 2001 IAS results, when an aggressive seller pushed the stock as low as CZK 313; however, the better-than-expected results released midday and strong foreign demand lifted the stock to a CZK 322.50 close. The stock traded in a good volume of USD 8.1 mil. Total market volume reached USD 32 mil. yesterday. For today, the market is awaiting further corporate results (see below); we expect decent volume and increased volatility in CEZ and Komercni banka.
(Milan Prochazka)