The PX-50 index fell by 1.94% to 435.2 points on Tuesday, posting a two-month low. Cesky Telecom led the decliners, losing 3.9% on the day. Komercni banka traded at CZK 1.580 as locals stop-lossed their positions. Other names fell in line with equity developments abroad. Total market volume reached only USD 20.9 mil. For today, we expect the market will again follow developments abroad, where sharp selling is seeing markets fall to September 2001 lows (yields on benchmark 10-year US treasury notes hit a 39-year low).
(Milan Prochazka)