The PX-50 index closed down 0.66% to 419.30 as banking stocks lost some of their recent strength. Komercni dropped -1.47% to CZK 1,274 in some foreign-based selling. Cesky Telecom was strong again at CZK 361.60, being demanded by large foreign accounts. Today, the market is likely to lose strength after yesterday’s negative close of US markets-European markets are expected to follow this development, and emerging markets should not be an exception. Total volume reached USD 21 mil.
(Milan Prochazka)