The PSE has decided to change the base of the PX-50 index. As of January 5, 2004, the index will consist of 16 titles (up from 15). SM Energetika, a regional electricity distributor, is the highest-weighted stock (1.6%) to be included. On the other hand, three other domestic regional electricity distributors are to be removed. Their combined weighting was approx. 3% (CEZ recently acquired vast majority stakes in them). More importantly, the weighting of Cesky Telecom, based on yesterday's closing prices (December 18), will rise by 6% to almost 20%. The weightings of Erste Bank, Komercni banka, and CEZ in the base will decline by approx. 1-3%.
Jan Hájek