The PX 50 index lost 0.63% to 426.7 points on Monday, as European markets headed south. Banking stocks dominated domestic activity. After scoring significant gains on Friday, Komercni banka corrected yesterday and dropped 2.0% to CZK 1,518. Ceska sporitelna also faced something of a sell-off, and closed at CZK 373.30, slightly below the CZK 375 price of the buy-out intended by AVS. Overall, trading was relatively quiet and volume reached USD 24.1 bil.
(Milan Prochazka)