The market in Prague weakened by 1.29%, to 504.20 points, as measured by PX-50 index. The most active stock yesterday was Ceske Radiokomunikace, down 4.10% on the day at CZK 1358, as a number of institutional investors reduced positions at the CZK 1400 level. Yesterday's selling pressure seemed to surprise local retail investors, who dramatically stop-lossed. As a result, the stock traded in a range of CZK 1312-1421 and in a good volume of 130,600 shares. Other stocks moved mostly sideways, though Cesky telecom lost 1.80% to CZK 556.60. Today we expect the market to open higher, though we expect trading activity to remain low. Total market volume reached USD 17.53 mil. yesterday.
(Milan Procházka)