The PX-50 index gained 0.80% to 618.1 points yesterday as Cesky Telecom strengthened to an intraday high of CZK 275, with the stock finally adding 2.3% on the day. Komercni banka moved above the CZK 2,300 level on foreign demand and volume exceeding USD 14.5m. CEZ corrected after its recent weakness but still investors do not seem to be rushing into buying the stock. The strong Czech Q3 GDP could be an impulse for further strengthening of the market. The volume in the SPAD trading system reached USD 31.54m.
Milan Procházka