A bullish opening on Friday morning suddenly turned into a sell off in the afternoon. Cesky Telecom was hit hard, losing 2.87% on the day. The stock’s last three sessions have been very volatile, indeed; on Friday, it initially strengthened to CZK 627.30 but gave up the gain, closing at CZK 601.60, with an intra-day low of CZK 598.60. Komercni turned out to be another big loser on Friday, losing 3.38%. The stock closed at CZK 914. Other stocks lost too, e.g., CEZ was down 1.21% at CZK 110.92 on no news. Volumes reached USD 10.4 mil.; the PX-50 index lost 1.21%.
(Milan Procházka)