Another “up” day in Prague! A bullish mood continued to carry the market upwards. Unipetrol rose as the market digested Wednesday’s numbers. C.Radiokomunikace shot up after the announcement that TeleDanmark reported interest in bidding for the government’s stake in CR. The announcement was taken as an excuse to buy the stock by local traders and it suddenly went up 6%. KB continued its momentum from Wednesday, rising as high as CZK 915. In the afternoon, however, we saw the usual wave of quick profit taking, and prices, though closing higher, finished well below intra-day highs. SPAD turnover was USD 22 mil.
(Pavel Růžička)