Czech equities, as measured by the PX Index, were down by 3.1% in the past week and closed at 1,632.6. The overall volume of trading on the PSE reached USD 1,052.2m, 13.1% below its 12M weekly average of USD 1,211.2m.
The only name closing up past week is due to demand from international invertors. Real estate developers and were the biggest laggards during the past week. Ongoing selling pressure follows weak quarterly results. hit new all-time-lows. The most actively traded listing CEZ declined by 1.3% as government is selling its planned stake. Banks were impacted by negative sentiment in the sector. fell by 7.5% in-line with Vienna trading.
For this week we do not expect any major corporate catalysts, usual number of macrodata shall be announced.