The PX-50 index gained 2.02% to 413.9 points in a quiet session on Monday. Cesky Telecom led the gainers, closing up 4.31%. Komercni banka and Ceske radiokomunikace followed suit. Total volume reached USD 8.40 mil. For today, the market is likely to open stronger after yesterday’s strong US close. However, we are expecting the German IFO index release to show the direction for today’s European trading.
(Milan Prochazka)