The Czech market closed in a positive territory again on Tuesday, up 0.54% at 409.10 points. Ceska sporitelna recorded fresh highs above CZK 350, and added 3.2% on the day. Komercni banka followed the positive sentiment, however, sellers were apparent at the CZK 1,230 level, where the stock corrected. Unipetrol, widely followed stock by domestic fund and retail investors, traded as low as CZK 32.50; investors are worried about a put option held by bondholders and by bank creditors. For today, Unipetrol is still likely to be volatile, and Cesky Telecom and Ceska sporitelna are likely to account for the largest portion of the day’s flow. Total volume reached USD 19.90 mil. yesterday.
(Milan Prochazka)