The PX-50 index lost a further 0.73% to 624.8 points on Tuesday after Komercni banka, CEZ and Erste Bank all fell. CEZ dropped 1.6% on the back of no news and Erste Bank extended its losses, which may have been caused by either the Euro's strength or by the fact that a leading shareholder sold a part of its stake in the bank recently and this could have triggered further sell orders. Cesky Telecom traded above CZK 280, almost 10% above the price for which TelSource recently sold its stake in CT. Komercni banka responded positively to the EU ruling concerning state aid. Volume in the SPAD trading system reached USD 29.37m yesterday.
Milan Procházka