The PX-50 index closed down 0.11% on Wednesday in a quiet session marked by low volume. Komercni banka, the most actively traded stock of the day again, closed unchanged on a volume of USD 7.8 mil. The Cabinet did not take any decision on the Cesky Telecom sale at its regular meeting yesterday, though no decision was expected. For today, the market will react to the 50 bps cut of the US Federal Reserve rate last evening and will look toward interest-rate decisions from the ECB and BOE this afternoon. Domestically, no major news is expected that would affect equities.
Milan Prochazka