The PX-50 index lost 0.26% to 453.5 points yesterday. Cesky Telecom was the loser of the day (-1.6%). Komercni banka lost 1.5%, as a number of international accounts began off-loading the stock ahead of Erste Bank’s listing on the PSE. CEZ traded around the 94 level, being well offered by domestic accounts. Total market volume was moderate again at USD 15.0 mil. For today, we expect continued market weakness, with Komercni banka and Cesky Telecom to lead the decliners.
(Milan Prochazka)