Komercni banka rose by 5.3%, the PX-D index +3.6%

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Investiční bankovnictví KB

      European equity markets and the Prague Stock Exchange was inspired by the turnaround on the Wall Street. The US equity indexes closed sharply higher yesterday reporting the biggest one-day increase since October 1987. The PX-D index rose by 3.6% to 1,063.5 points on Thursday. Komercni banka and telecommunications stood behind the increase. Komercni banka improved by 5.3% and returned above CZK 1,500 after a one-day pause. Ceske Radiokomunikace also increased by more than 5% after the company announced that RadioMobil with distribute 85% of its profits as dividends, depending on its financial situation. Cesky Telecom advanced by 3.7%. Only Unipetrol bucked the trend losing 0.5%. In line with expectations, the company’s shares ignored the announcement of financial results of Unipetrol’s major subsidiaries.

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