The PX-50 index lost 1.79% to 445.60 points on Thursday as the market turned southward. European markets saw an intra-day point spread of nearly 5% with selling observed across the board. The market’s weakness in the Czech Republic was similar to that seen in Hungary and Poland (where markets were down more than 2%); investors here particularly sold-off Komercni banka and CEZ stock. Philip Morris CR was well demanded and the stock traded at CZK 11,950 for most of the day. Volume in SPAD reached USD 14.30 mil. yesterday.
Milan Prochazka