Following the positive bounce of European markets, Prague strengthened by 1.04% to 448.20 points (the PX-50 index) on Monday. Cesky Telecom was quoted as high as CZK 416 intraday with more than 521,000 shares traded. Though Cesky Telecom had released preliminary 2000 IAS results yesterday, the market’s reaction to the figures was very subdued. Komercni banka lost 2.22% to CZK 1,014 after domestic accounts reduced positions. There is a lack of fundamental news regarding KB. For today, Prague is likely to head higher again as Europe stands to benefit from US markets’ performance overnight. Total domestic volume reached USD 11.79 mil. on Monday.