After weeks of resisting the negative global sentiment the PX-50 index declined yesterday by 1.14% to 443.2 in line with a sharp fall in prices among European equities. Cesky Telecom led the domestic decliners in losing more than 3.14% to CZK 247; the stock had been down 5% in the morning on news that the Cesky Telecom privatization tender winner had asked the government to lower the agreed purchase price (see below). CEZ lost 1.1% and Komercni traded stable, though it closed down 0.3%. Total volume in the SPAD reached USD 7 mil.
Milan Prochazka