The PX-50 Index was down 0.6% yesterday amid below average trading activity, the volume reached USD 50m. The biggest loser was CEZ with 2.4% due to foreign sales. Foreign sellers also pushed down PMCR, which lost 1%. Erste Bank was the only gainer with 0.8% following bids at the Vienna Stock Exchange. Unipetrol and Zentiva traded flat. Today we expect continued profit taking before the year end from foreign accounts across the market.
The Czech National bank will hold a monetary policy meeting. The market expects no changes in interest rates.
Milan Procházka, Patria Finance