PSE headed south, negative sentiment over EU

The Prague’s Stock Exchange closed lower in-line with sentiment on the EU markets. Entire SPAD closed in red numbers. The volume traded remains well above the averages with focus at CEZ and Zentiva (1 163 CZK, -2,03%) . Zentiva (1 163 CZK, -2,03%) hit the low at CZK 1,134 after morning selling pressure. There were some supports at these levels, the sock was even traded above the CZK 1,200, but close at CZK 1,187. CEZ also dropped all the way to CZK 1,038 after open and then it was trying to find some support over the day. We saw some trades at the CZK 1,055 level in the 2nd half of the trading, but it closed at CZK 1,045. Komercni banka fell almost 4% due stop loss orders at the end of the session. ECM (1 636 CZK, 0,00%) finished down by 3.4% compared with Orco (2 950 CZK, 0,99%), which closed weaker by 0.3%. Erste (1 520 CZK, 0,00%) Bank erased 2.1% following trading in Vienna.