Friday’s trading, after two public holidays in the Czech Republic, was again characterized by strong selling pressures from large international brokers. Most of the volume on Friday was foreign-driven as most Czech asset managers were off for holidays. Cesky Telecom and Radio were hit particularly hard. CEZ, despite news that Vivendi had been identified as a partner for CEZTel, failed to gain momentum and traded at the 100 level. The market slumped 2.1% (PX-50) and total volume reached USD 15 mil.
(Pavel Růžička)