Nokia, SAP inspired rally on equity markets

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Investiční bankovnictví KB

      European and world equity markets moved higher today with the sentiment being improved after better than expected figures from US bellwethers IBM and AMD, which were followed by European leaders SAP and Nokia. Domestic equity index PX-D improved by 3.3% to 1,093.1 points. Banks and telecommunications drove the market higher. Erste Bank outperforms the market by significant margin gaining 6.1% to CZK 1,860. Komercni banka follows with an increase of 3.0% attacking the level of CZK 1,700. Ceske Radiokomunikace are correcting their losses moving up by 3.9%. Cesky Telecom follows with an increase of 2.9%. CEZ and Philip Morris CR lag the market moving higher by 0.5%. Unipetrol bucks the trend losing 2.3% to CZK 34.

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