The PX-50 index gained a strong 2.17% on Friday, to 376,6 points. The gainers were led by Cesky Telecom, which added 7.78% to CZK 290.90. More than 420,000 CT shares changed hands. CEZ added 1.56% to CZK 75.70 but no substantial interest of foreign investors was observed. Total market volume reached USD 14.0 mil. For today, the local market will again follow the development of the major bourses, though we also expect a slight correction after last week’s rally.
(Milan Prochazka)