The PX-50 index lost 1.14% on Tuesday as the market continued to erase recent gains. Cesky Telecom’s 9M figures did not surprise the market and the stock followed Western European bourses; it lost 3.63% to CZK 284.30, with more than 500,000 shares changing hands. Komercni traded in a narrow range of CZK 960-970. Total market volume reached USD 13.18 mil. CEZ and Komercni will report their 9M IAS results this morning. The results are unlikely to provoke a strong reaction, unless they significantly differ from the consensus. More likely, the market will follow corporate reports from Europe (Alcatel, etc.) and US futures indications.
(Milan Prochazka)