The PX-50 index gained 3.08% to 417.70 points Friday, erasing Thursday’s losses. Strong gains were posted by CEZ, up 6.21%, trading again above CZK 90 as both domestic as well as international investors accumulated aggressively. Cesky Telecom gained 4.67% to CZK 365. We however do not see Friday’s prices as major indication, since it was the end of a financial quarter and as some of the larger orders hit the market shortly before closing. Total volume reached USD 11.2 mil.
(Milan Procházka)