Strong gains on Nasdaq on Friday helped push the Czech PX-50 index 1% ahead on Monday. Still, the reaction here was not as strong as in Hungary or Poland. Cesky Telecom added 2.6% relative to Friday’s close, but only 0.14% relative to Monday’s opening price. The stock traded as high as CZK 521.70 and total of 356,000 shares changed hands. Other stocks moved sideways. Ceske Radio traded a little more actively as market participants began lifting the stock around the CZK 1,555 level. Trading volume reached USD 12.41 mil. on Monday. We believe that Czech stocks will trade in a tight range today, with no significant price changes.