The PX-50 index fell by 1.84% to 442.0 points on Monday, the weakness a result of the major equity sell-off across Europe. Komercni banka felt most of the pain, giving up 3.8% of its value; we saw short sellers as well as natural sellers who closed profits in this banking title. Philip Morris CR, on the other hand, rose again, up 2.8% to CZK 12,655, a new high. Today, the market will closely watch Erste Bank’s debut on the Prague bourse. Volume in the SPAD reached USD 15.19 mil. yesterday.
Please note that t+3 settlement begins today on the PSE.
Milan Prochazka