The Czech PX-50 index rose 1.57% to 428.20 points on Wednesday. Cesky Telecom traded heavily given strong local demand, adding 2.35% on a volume of more than 604,431 shares. Komercni banka added 2.26%, to CZK 951, the gain was caused mainly by the improved sentiment on major European and US markets. Total market volume reached USD 12.08 mil. yesterday. We expect some investors to reduce their positions ahead of the upcoming long weekend (markets are closed in the Czech Republic on Monday) and we simultaneously expect local investors to supply most of the liquidity.
(Milan Procházka)