Investors continued to také profits yesterday and the PX-50 index lost 0.29%. Erste Bank led decliners as it dropped over 1% of its value. Both Komercni banka and Cesky Telecom were also sold off by international accounts. The weakness was a liquidity-driven issue rather than any kind of a news-related selling, though. Only Unipetrol set a new multi-month high as privatization-related news intensifies. Overall, the market traded at an average volume. In the coming days we expect to see buyers on weakness; we expect a little stronger opening this morning and demand from locals after overseas markets closed strongly. Komercni banka will be well bid; Cesky Telecom is likely to trade in the CZK 280-295 band in the weeks to come. Total volume in the SPAD trading systém reached USD 23.01m.
Milna Procházka