Prague experienced another quiet session on Tuesday as the market awaited the US Fed decision on interest rates, a decision, which should provide direction for the major indexes. Cesky Telecom traded in a CZK 415-429 range as some local investors covered short positions. The stock closed up 0.69%, to CZK 423.20, and more than 396,000 shares changed hands. Other stocks traded without any consistent interest. Total market volume reached USD 10 mil. on Tuesday. For today, we expect a weak opening and the decline of both Cesky Telecom and Ceske radio. Cesky Telecom might again fall below the CZK 400 level in the coming days.
(Milan Procházka)