Czech stocks showed mixed performance in a very quite trading session on Friday in which the overall volume reached only USD 3.3 mil. The PX-50 index closed almost unchanged, gaining 0.28% to 434.7 points, up 4.5% for the week. Foreign participation was negligible in all names. Cesky Telecom rose 1.1% to CZK 358.7, and Ceske radio lost 1.3% to CZK 615 as we saw limited profit taking ahead of the weekend. Ceske radio is currently trading on expectations that Cabinet will approve TeleDanmark/Deutsche’s improved bid for the state’s 51% stake on Wednesday. Komercni remained almost flat, adding just 0.3%. For today, we expect little activity again given public holidays today in both the UK and US.
(Milan Procházka)