The PX-50 index lost 0.64% to 419.5 points Monday. The losses ware led by Komercni banka, which dropped 1.99% to CZK 1,229; Cesky Telecom followed the weakness of weak European markets, losing 2.56% of its value, to CZK 354.30. Other names traded with no particular interest. Total volume reached USD 9.9 mil. For today, we are likely to see further weakening as US accounting worries will likely impact upon European equities as well. We expect increased volatility in Cesky Telecom and Komercni banka.
(Milan Prochazka)