The PX-50 index lost 1.78% yesterday, pulled down by Cesky Telecom as the major European markets were losing ground. Overall volume was again low at CZK 484.4 mil. (USD 11.7 mil.); the only flow was coming from a combination of retail and a couple of London market makers. Cesky Telecom lost 3.2%, closing at CZK 570, and other major stocks were likewise down. CEZ lost 1.9%, closing at CZK 108.50, but traded as low as CZK 107.81 during the day. Ceske Radio yesterday found large domestic funds buying at the CZK 1,700 level. The market looks forward to next Wednesday’s Cabinet meeting, which has the privatization of CEZ and Unipetrol on its agenda.