The PX-50 index closed down 0.52% to 437.6 points in a light and sluggish session. Komercni banka lost some of last week’s gains and closed down 0.9%, at CZK 1,437. CEZ rose 1.2% to CZK 81.85, on the back of low-volume demand by international investors. Cesky Telecom was demanded in a good size by a single broker at the CZK 340 level. Total market volume reached USD 11.5 mil. For today, we believe that the market will continue losing some of its recent strength, though this does not necessarily entail a substantial downward correction.
(Milan Prochazka)