The PX-50 index gained strongly on Wednesday, rising 3.02% (330.9 points); Cesky Telecom led the equity rally. The stock gained 6.86% to CZK 200.10, trading above the CZK 200 level for most of the session. CEZ was amongst the other strong gainers, adding 5.88% to close at CZK 72.16. Komercni banka recorded the largest traded volume again, as major domestic funds opened positions; Komercni closed at CZK 838.10, up 3.05%. For today, the market will try to digest yesterday’s volatility on US indexes; we expect an initial weakening, though we do not expect a major decline. Total volume reached USD 12.6 mil. yesterday.
(Milan Procházka)