Friday, August 24, 2007

CEE stock markets rebounded this week.

Since discount rate went down 0.5% one week ago worldwide stock
markets are rebounding losses from subprime lenders issues which
boiled up in the beginning of August.
This week in Prague Stock Exchange we saw very good performance with
CEZ from CZK 1000 to 1090, Telefonica O2 grew also almost 10% to CZK
606 as investors are looking at at dividend date 10.9. (dividend per
share is CZK 50). Laggard is definitely Philip Morris which is
releasing results on 30.8. and expectations are very poor. Also this
week news about cigarettes taxation rise were coming and hitting PM


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