The PX-50 index closed down 0.3% on low activity yesterday. Volume in the SPAD only reached USD 17m. Erste Bank led the market down, losing 1.6% on heavy profit taking. Komercni banka was the most actively traded stock and managed to close unchanged despite some selling pressure early in the morning. Other names traded very quietly with only limited interest. For today we expect a more positive session as political fears have somewhat eased. We expect banking stocks to drive the market up, but volumes will likely remain on the low side.
Silvio Kotarac