The PX-50 index closed down 1.40% to 423.6 points. Volume in the SPAD reached USD 23.33 mil. Komercni banka and CEZ both reported Q3 results yesterday morning: Komercni beat expectations, while CEZ underperformed on net profit level. As a result, Komercni added 2.2% and traded near CZK 1,900 and CEZ lost 2.1% to CZK 86. Cesky Telecom continued to be well offered; an aggressive domestic sell-off pushed the stock lower to CZK 210, down by 4.4%. Today, Cesky telecom and Ceske radio report their 9M earnings; the market is expected to trade in positive territory.
Milan Prochazka