The PX-50 index lost 2.28% to 398.20 points yesterday as investors decided to take profits. CEZ was the weakest stock, closing down 6.19%; the selling was originated by domestic accounts. Cesky Telecom lost 2.96% to CZK 320, where there was minor buying toward the end of the session. Total market volume reached USD 17.8 mil. We believe the market has lost its strong momentum from previous weeks and might correct in the days ahead.
(Milan Prochazka)