The PX-50 index corrected by 0.98% yesterday to 667.5 points after sellers stepped in and took profits. Selling occurred on virtually every stock and only Unipetrol remained in positive territory by the close. CEZ, Komercni banka and Cesky Telecom all lost over 1.5%. The market traded at a very good volume with both domestic and international accounts being active. For days to come, we still may see some profit taking. Even the recent currency strengthening versus the USD is in favor of offshore investors. On the other hand we are not yet convinced that the positive sentiment and upward trend from last year is over. Volume in the SPAD systém reached USD 63.5m.
Milan Procházka