The PX-50 index gained 1.84% to 359.1 points yesterday. The market rallied on the previous day’s strong gains across Europe. Cesky Telecom gained 4.50% to CZK 269.10. CEZ was among the top gainers, adding 4.32% to CZK 67.80, but volume was rather low, as only 817,000 shares changed hands. Total market volume reached USD 17.49 mil. on Wednesday. For today, we might witness a correction in Prague after the sharp correction of US markets yesterday. However, local news (in CEZ and Cesky Telecom in particular) could help stocks here.
(Milan Prochazka)