The PX-50 opened a new week with a 1% loss, dropping to 425 points, with only light trading. Only Komercni banka reflected strong tensions as fresh and often contradictory news regarding investors’ bids in the tender sale hit the market. Komercni was indeed the most active stock on Monday, generating CZK 189 mil. in volume of which majority was a local flow. Cesky Telecom traded with no particular interest, only 66,482 shares changed hands. The name lost 2,38% to CZK 377,70. Today we expect more of the same, with Komercni likely to be volatile but we continue to advise holding the stock. Total market volume reached USD 7.26 mil. yesterday.
(Milan Procházka)