PSE Down Again, All Stocks in Red

Huge volume went through in Prague Stock Exchange. The total volume traded was about twice as big as long-term averages. Selling mood was all over the board. CEZ fell down to CZK 1,230 level, but bounced back after short covering in the last hour of trading session. We saw more than 50% of total turnover in this name. Komercni banka declined on heavy volumes, some support was seen at CZK 4,100. Real estate sector got hit hardest again as both Orco and ECM listing erased about 7%. Erste Bank closed almost flat as it was the only stock holding the ground and it seems sellers are done for now.