The Czech market closed stronger in-line with the region. The total traded volume was well above the long-term averages. Index PX
strengthened for sixth consecutive session and finished at its all time high. Also Komercni banka set its new high after it reached great 3.5% gain on a strong demand from international investors. Pegas
increased even more than KB
and became the best performing stock, despite rumours about including Pegas
to “top buys” from ING were denied during the day. Also CME
increase by nice 1.9% after good performance of its US trade line.
CEZ was the most actively traded listing and reached CZK
990, but closed above the CZK
980 level. Telefonica O2
CR was quite volatile and fell steeply to day’s low of CZK
600 in the last hour of the trading.