Index PX-50 fell 0.80% to 444 points yesterday. Weakness in Europe, and worse than expected domestic Q1 GDP were the main reasons behind the drop. We saw foreign accounts selling Komercni banka again, the stock lost 2.50% and closed at CZK 1,570 per share. Its volume was USD 9.55 mil., better than average. CEZ witnessed a sell-off, but some short covering buys were on the market, which helped to keep the stock above CZK 92.50 level. For today, we believe the market is likely to trade in a red territory again, but the weakness is not likely to be serious as in the previous days. Total volume reached USD 18.32 mil.
Milan Prochazka