The Prague PX-50 index lost 0.78% to 430.40 points. The decline was led by weakness in CEZ, down 3.2% on the day to CZK 100.74, with the selling pressure coming from abroad. Cesky Telecom holds fast to the CZK 380 level given a strong buyer in the title. Other names traded quietly, with no particular interest. Today we are likely to see further weakness; we believe the market is long in Cesky Telecom, and expect domestic traders to start closing positions later in the afternoon. Total volume reached USD 7.5 mil.
(Milan Procházka)