Shares moved higher on Mond

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Investiční bankovnictví KB

       The Prague Stock Exchange started new week on positive note. The PX-D index increased by 1.7% to 1,086.8 points, but the market saw only average activity. Similar to previous week, the development on foreign bourses was an inspiration for the domestic market. European markets and Wall Street headed higher on Monday ignoring the most recent accounting scandal. WorldCom said that it had improperly accounted for revenues of USD 1.16bn. Cesky Telecom and Philip Morris CR were the best performing issues. Cesky Telecom rose by 3.4% partially due to improvement abroad and partially driven by speculations about completion of its privatization. Philip Morris CR remained investors’ most favorite stock rising by 3.6% above CZK 11,000. Only Ceske Radiokomunikace and Komercni banka bucked the market. Ceske Radiokomunikace went down by 0.9% and Komercni banka fell by 0.5%.

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