The Prague Stock Exchange will remove Zivnostenska banka (ZB) stock from the base of the PX-50 index as of December 12, 2003; the index will thus consist of 15 titles. Due to the low market capitalization of ZB, the weighting of Czech blue chips will be affected only marginally (e.g., Erste Bank's weighting, based on yesterday's closing prices, would rise to 23.7% from 23.4%).
The PSE also decided to rebalance the PX-D index as of December 22, 2003. Erste Bank's weighting will be reduced to 35% from 38% (based on yesterday's closing prices). On the other hand, weightings of Cesky Telecom, Komercni banka, and CEZ will increase by approx. 0.8%.
Jan Hájek