The PX-50 index closed down 0.52% on continued weakness of the global markets yesterday. The main losers were CEZ and Erste Bank, but their decline did not exceed 1.5% on a day with light volume and limited investors’ interest. Komercni banka stabilized at the CZK 2,630 level. We do not expect any substantial pick up in investor activity ahead of the FOMC meeting tonight.
Milan Procházka, Patria Finance