The Prague PX-50 index fell below 400 level to 397.20 points, losing 1.78% on the day on Wednesday. Ceske radiokomunikace led once again the losers, traded below CZK 400 level, and intra-day stood as low as CZK 393.40. However, some domestic interest was apparent. Komercni banka, the most actively traded stock yesterday, lost 3.29% to CZK 941. We are still seeing some natural buying flow in the name, though. Cesky Telecom traded in line with weakness in European and the US bourses. Total market volume reached USD 10.22 mil. on Wednesday. For today, we might expect a mild upward correction as some of the earnings estimates abroad seem to come out better than expected.
(Milan Procházka)