The
PX Index closed at its new all time high breaking the 1,800 points level for the first time. The total traded volume was slightly below the long-term average. Komercni banka was quite strong and easily broke the
CZK 4,100 level before the end of the session on international demand. We also saw the increased activity on
Unipetrol after rumours about possible share buyback. Renewed interest in
Philip Morris pushed the price above the
CZK 9,700 level. Our analysts cut the fair value of
PMCR to
CZK 10,357, but recommendation Buy remained unchanged. Textile producer
Pegas Nonwovens finished slightly in red territory after its main competitor Fiberweb cut profit forecast of its US activity.