Prague added a further 1.94%, to 510.80 points, amid a new wave of optimism on major European bourses yesterday. Otherwise, the local news is rather negative (CEZ's problems with the Temelin launch, etc.). Komercni rose sharply, up 3.35%, to CZK 981.10. We once again advise to take advantage of the optimism and reduce Komercni positions close to the CZK 1,000 level, as it starts getting expensive, in our view. Both domestic and international accounts actively traded on the local market yesterday. Total market volume was USD 19.65 mil.
(Milan Procházka)