The Prague market rocketed on Thursday, adding 3.91% to 422.60 as measured by the PX-50 index. Telecom titles propelled the market forward: Cesky Telecom posted a 7.64% gain, to CZK 356, and Ceske radiokomunikace added 4.26%, to 761.60. Ceske radio trades ex-dividend today in the SPAD (and on April 9 in AOS; the dividend is to be approved at an AGM scheduled for April 19), which raises questions as to the stock be quoted today. Total volume reached USD 21.24 mil. on Thursday. For today, we believe that the market will post further gains in the morning; however, we expect profit taking in the course of the day.
(Milan Procházka)