The PX-50 index declined a further 0.67% after investors sold off Erste Bank stock. Erste trades ex-div today (EUR 1.50), but there was no underlying news for the decline. The rest of the market remained in a relatively narrow range. Komercni banka continues to trade with a substantial intraday volatility. We expect a moderate volume to continue today, but the market still seems to be positioned for further weakness. Volume in the SPAD system reached USD 43.33m.
Milan Procházka, Patria Finance