The PX-50 index gained 1.10% to 377.60 points on Monday as strong local demand for Cesky Telecom shares lifted the market. Cesky Telecom gained 2.98% to CZK 280.10. CEZ enjoyed an improved volume, more than 1 mil. shares changing hands, but strong resistance persists at CZK 80. Total volume reached USD 11.12 mil. on Monday. For today, Prague will likely wait until European bourses digest yesterday’s session in the US, which did not send any clear signal.
(Jiri Soustruznik)