The PX-50 index lost 3.26% yesterday due to a sharp lows on US and European markets. Komercni banka led the decliners in losing more than 8% of its value, to CZK 1,430. Heavy volume in the title indicated strong interest from both foreign as well as domestic institutional investors. Otherwise, Cesky Telecom lost 3.5%, and CEZ traded down 1.5%, to CZK 87, well demanded throughout the day. Today, we expect a strong opening as US markets rallied last night. Total volume in the SPAD reached USD 26.42 mil. yesterday.
Milan Prochazka