Index PX-50 closed down 1.6% (612 points) as Komercni banka and Cesky Telecom were sold-off by both domestic as well as international accounts. Cesky Telecom dropped after information agencies reported that government mulls plans to sell shares in Cesky Telecom along with TelSource. Komercni banka fell on the back of no news. Czech market has underperformed both Hungary and Poland in recent days, we believe market will return to positive returns in the next couple of sessions to come. Volume in SPAD reached USD 38m.
Milan Procházka