Prague gained 1.99% on Thursday as the market adopted a bullish mood ahead of Czech GDP data due today and speculated on European telecoms interest in 51% of Cesky Telecom. Cesky Telecom added 4% and closed at CZK 623.30. This helped other blue chips as well, primarily Komercni, which added 1.53% (it closed at CZK 914.50, peaking intra-day at CZK 931.10); we believe that further public talk of state guarantees was the main reason. Ceska sporitelna added 2.09% in late afternoon trading, on no news, with some 150,000 shares changing hands. Total trading volume reached USD 14.9 mil. yesterday.