The Czech PX-50 index closed slightly down (-0.57%) yesterday, to 403 points. The volume leader was Ceska sporitelna, closing unchanged at CZK 298; a strong foreign flow on both sides helped the liquidity. Ceske radiokomunikace continued rallying, adding a further 7.88%. We believe a short squeeze might also be the reason for the sharp rise in the stock’s price. Total market volume reached USD 15.21 mil. For today, we expect rather weak and slow trading as the US markets are closed for a state holiday.
(Milan Prochazka)