The PX-50 index gained 1.71% as there were strong buyers in Cesky Telecom and Unipetrol. Cesky Telecom added 3.27%, to CZK 243 per share, though volume was average, with 395,600 shares changing hands. The second most active stock was CEZ, closing at CZK 60.62. More than 1.3 mil. CEZ shares changed hands yesterday. Total market volume reached USD 8.9 mil. on Tuesday. Today, the local market will digest yesterday’s rate cut in the US and will speculate about further interest rate moves in Europe. The domestic newsflow (Cesky Telecom, Komercni banka, CEZ) today is generally positive.
(Milan Prochazka)