The PX-50 index closed down by 0.8% to 545.5 points on Tuesday, as investors closed positions in Cesky Telecom on the last day of dividend-payment rights (see below) and sold-off Komercni banka on no apparent news. Cesky Telecom begins trading ex-dividend today. A gross dividend CZK 57.5 per share is to be paid; the record date is June 27, and the payment date is October 6. As for Komercni banka, the stock seems to be uncomfortable at the current price level, from which it could retreat further, we believe. Volume in SPAD trading system reached USD 23.78 mil. on Tuesday.
Milan Procházka