The PX-50 index followed rallies in Europe and the US, adding 2.37% in yesterday’s session. Cesky Telecom (up 4.73%), Ceske radiokomunikace (up 4.19%) and Unipetrol (up 4.12%) were the leaders in Prague. Cesky Telecom was the most-active name, a combination of domestic institutional and international interests helped push the stock up to CZK 331.80; more than 660,000 CT shares were traded. Total market volume was USD 14.5 mil. For today, we expect further strengthening, and we believe that Cesky Telecom might soon be testing CZK 350.
(Milan Prochazka)