The PX-50 index gained 1.11% to 437.70 on Thursday, led principally by gains in Cesky Telecom, which added 4.72% to CZK 357.10. Komercni banka, Ceske Radio and Unipetrol all rose also. For today we expect local brokers to close positions ahead of the weekend. There should be some selling pressure in CEZ after yesterday’s comments by E.ON of Germany that said it would like to terminate its supply contract with the company. Total market volume reached USD 13.3 mil. yesterday.
(Milan Procházka)