Activity on PSE still low, main PX Index down by 1%

The Czech market lack activity again. Trading did not picked up after US macro data and just slid in the red territory. CEZ closed below the CZK 1,190 level on very thin volume and market speculations. Komercní banka was traded above the CZK 3,900 during the day in-line with performance of patent company Societe Generale (68 EUR, -2,68%). Well offered Zentiva (820 CZK, -1,03%) erased more than 1%. Telefonica (522 CZK, 0,00%) O2 CR cooled down during the day after another positive opening. The only stocks finishing in higher are developer ECM (880 CZK, 2,73%) and newcomer VIG (1 350 CZK, 0,00%). Note that ECM reports its 4Q07 numbers today after close.