The PX-50 index dropped 1% on Tuesday to close at 444.3 points. Komercni banka led the decliners, losing 4.2% of its value after domestic and some of international accounts sold-off the stock expecting weak European and US markets. Komercni traded near the CZK 2,000 level toward the end of the session. Erste Bank traded in a decent volume of USD 2.50 mil., better than average, as investors began active arbitrage trading with the Vienna Stock Exchange. For today, we expect a flat to slightly lower opening as the no major domestic news is expected. Total volume in the SPAD reached USD 12.57 mil. yesterday.
Milan Prochazka