The PX-50 index fell 0.92% in sympathy with the weakness across all the European bourses. The market traded on a moderate volume; we did not see substantial flows with significant price impacts. Komercni banka and Cesky Telecom were obvious targets for sellers. Cesky Telecom lost over 2% and Komercni banka closed down 1.2%. We expect Erste Bank to fall today following the weakness of its peer Bank Austria. Volume in the SPAD trading systém reached USD 20.52m.
Milan Procházka, Patria Finance