Thursday was marked by a sudden and unexpected Fed funds rate cut and the consecutive US equity rally. Prague traded in a higher-than-average volume of USD 30.23 mil., the market lacked any significant domestic news. Cesky Telecom added 7.8% from the previous day’s close. Komercni banka did well too, as it starts trading at CZK 950 level. As CZK 955 is our target price, we advise clients to watch Komercni and consider taking advantage of the current positive momentum to reduce positions should the price continue increasing.