Prague lost 0.95% on Tuesday, but remains above 500 points as measured by the PX-50 index. Still, the market suffers from low volume and from the limited activity of brokers. The stock to watch yesterday was Ceske Radio, which closed down 1.07% at CZK 1,381. The stock initially rallied up to CZK 1,420 immediately upon opening, but lost steam and dropped below CZK 1,400, at which there was a strong selling flow. More than 68,000 Ceske radio shares changed hands yesterday. Cesky Telecom was the second most actively traded stock, down 1.11% at CZK 550.80, but only 375,945 shares changed hands. For today, we believe, the market will once again follow major European bourses, where the direction seems to be upward. Total volume reached USD 12.52 mil. on Tuesday.
(Milan Procházka)