Prague lost a further 1.48% on Monday, dropping to its lowest level since December 31, 1999. CEZ and Cesky Telecom were once again in the spotlight as primarily domestic investors closed long positions. CEZ lost 3.4% to close at CZK 92.74, but the trading volume was light: only 575,000 CEZ shares changed hands yesterday. There was no news flow on the market on Monday, and no significant client flow (we saw a couple of CEZ buyers and Cesky Telecom sellers, but the sizes were not large). Total trading volume reached USD 9.27 mil., i.e., below average.
(Milan Procházka)