The PX-50 index gained a marginal 0.12% yesterday, to 406.9 points. Cesky Telecom led the gainers, closing up 0.9% at CZK 319.10; foreign sellers were apparent, however, domestic institutions seemed to open long positions as Europe traded on a positive note. Other names traded with little activity. Market volume was below average at USD 8.7 mil. For today, we are likely to see growth as Enron-based worries seem to be losing its impact on the US markets. We expect Cesky Telecom to continue to rise, to above CZK 330 in the course of the day.
(Milan Prochazka)