The PX-50 index sustained its above-400 level yesterday, though it closed down 0.82%, at 401.40 points. Unipetrol once again led the decliners, it traded at its all-time low of CZK 36 per share (at these levels the stock could be considered a trading buy, in our opinion). CEZ lost 2.05% and closed at CZK 75, with the market awaiting the outcome of today’s Cabinet meeting, which should decide on the current CEZ tender. Cesky Telecom closed down 0.65%, but stock was well demanded from large international accounts. Total market volume reached USD 24.03 mil. yesterday. For today, the market may ease slightly again but we do not expect any substantial decline.
(Milan Prochazka)