Prague added 0.16% on Monday on average trading (total USD 14.35 mil.). Cesky Telecom traded in a CZK 513-530 range; a number of foreign institutional clients were on the sell side, though there was demand apparent from local retail brokers. There were foreign buyers in Komercni banka yesterday again, where 155,900 shares were traded, and which closed 1.40% stronger on the day. KB's intra-day high stood at CZK 1,024. For today, Cesky Telecom may advance as the market awaits the US Fed’s decision on interest rates tomorrow. Should the demand in Komercni banka continue, we are likely to see that stock rise further.
(Milan Procházka)