The PX-50 index rose 0.32% to 406.7 points yesterday, led higher by gains in Ceska sporitelna and Komercni banka. Overall, though, the session was very light due to a public holiday in the US. Total volume reached USD 14.5 mil. We expect a sluggish opening this morning with activity possibly picking up toward the opening of US markets at 15:30 CET. The two domestic banking stocks are likely to remain in the local spotlight.
Milan Prochazka