Share prices on the Prague Stock Exchange fell again last week, as the headline PX-50 index lost 4.6% to close Friday at 544.4 points, while the blue-chip PX-D index lost 4.3% to 1,354.8 points. The overall traded volume on the PSE was USD 433 mil., which was 216.3% above the 12M weekly average. Profit taking sent all Czech blue chips down, except for Erste Bank stock, which rose by 1.4% to CZK 2,414. The major loser last week was Cesky Telecom (CTel), which lost 11.3% of its value after KPN announced the sale of its 6.5% stake in CTel, which was secured by Credit Suisse First Boston (CSFB) at CZK 339 per share. The stock recovered somewhat at the end of the week as its dividend record date draws near (June 27). CTel was also the most actively traded stock, with USD 158 mil. worth of its shares traded (455% above its 12M weekly average).
In other names, Unipetrol lost almost 6% of its value and closed the week at CZK 53.8. Ceske radiokomunikace and CEZ both lost 4.6%. Komercni banka lost 3.9% to CZK 1,899 on a large volume of USD 149.2 mil. Philip Morris CR closed down 3.4% on the week to CZK 12,560.