Shares moved higher, better earnings reports helped the sentiment

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Investiční bankovnictví KB

      Prague Stock Exchange was again inspired by developments on foreign markets and moved sharply higher on Thursday. Sentiment on foreign markets improved again after positive earnings reports from IBM, AMD and European bellwethers Nokia and SAP. The PX-D index increased by 2.5% to 1,084.2 points driven by Erste Bank and Ceske Radiokomunikace. Ceske Radiokomunikace outperformed the Czech blue-chips with a 6.2% gain. Erste Bank followed rising by 5.4%. Komercni banka, CEZ and Cesky Telecom showed gains ranging from 1-2%. Unipetrol and Philip Morris CR ignored the improved sentiment. Unipetrol eased by 0.4% and Philip Morris CR dropped by 2.9%.

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