The PX-50 index closed marginally higher (+0.02%) to 555.5 points on Friday. Among the most active titles, Komercni banka lost 1.10% on foreign selling, and CEZ was lifted higher by what we identified as mostly domestic demand--it closed up 1.05% at CZK 116. Today, the main investor focus will be on Ceske radiokomunikace as its majority owner, Bivideon, on Friday evening announced the withdrawal of its voluntary tender offer, made at CZK 245 per Ceske radiokomunikace share. Though few details were released, we believe some local investors will continue to support the price. Volume in the SPAD system reached USD 19.42 mil. on Friday.
Milan Prochazka