The PX-50 index closed down 0.86% at 425 points in a quiet post-holiday session on Tuesday. Komercni banka lost 0.4% to CZK 1,577 as foreign investors began taking profits; volume was exceptionally high, exceeding USD 11 mil. Ceska sporitelna was again under pressure at the CZK 372 level, but domestic demand supported the stock at CZK 371.50–372. Total market volume reached USD 22.5 mil. For today, the outlook is again of a mixed trading session. We believe more profits could be taken in Komercni, and domestic telecoms might weaken since US markets closed weaker yesterday.
(Milan Prochazka)