The PX-50 index gained 0.48% (438.60 points) on a modest volume of USD 9.43 mil. Foreign participation was low due to holidays in the UK and the US. Ceske radio lost 3.47% to CZK 597.60, which we believe is a correction to the recent sharp increase in price. Cesky Telecom gained 0.70%, to CZK 362, given local players’ speculations of a stronger opening today. For today, the sentiment from the larger markets closed yesterday will undoubtedly set the local pace; no major corporate event is scheduled for today.
(Milan Procházka)