Index PX-50 gained 0.52% to 386.5 points on Wednesday. Again, the market traded in a light volume (total volume reached USD 10.52 mil.). Ceska sporitelna was the heaviest traded in terms of volume, however, substantial part of the volume was made up by cross trades. Buyers in Cesky Telecom were still present, though not as strong and aggressive as in past sessions. Cesky Telecom closed up 1.69%, at CZK 318.30. Ceska sporitelna lost 0.33% to CZK 304. For today, we believe there might be a correction of the recent gains in the morning, and then the market might calm down ahead of the ECB rates decision.
(Milan Prochazka)