The market was awaiting a government decision on Cesky Telecom privatization yesterday, which did not materialize, it seems that CT’s sale will be on the agenda of Cabinet’s next regular meeting (Nov. 18) or at the end of November. A number of sellers did appear on the market, however, and CT dropped 0.65% to CZK 230, with volume slightly up at USD 2.77 mil. Other names rose modestly despite the lack of domestic corporate news. Volume in the SPAD reached USD 12.81 mil. Today, we expect a flat open; Erste Bank stock could see some price activity as it reports 9M figures today at 0830 CET.
(Milan Procházka)