The PX-50 gained 0.49% on Friday to 429.30 points. Cesky telecom gained 1.73% to CZK 387.40 though volume remained low; only 116 000 shares changed hands. CEZ was by far the most heavily traded name, adding 0.51% to CZK 96.89, with more than 1.3 mil shares traded. Komercni is ahead of a major privatization announcement, though the stock behaves rather nervously as a recent report downgraded the leading bids. For today, we expect the Czech market to remain outside of any major investor interest, and shall take direction from major markets. Total volume reached USD 7.85 mil.
(Milan Procházka)