Prague continued losing ground on Friday, and the PX-50 index lost 1.93%. The decline was initiated by sharp drops in the US and European telecom stocks. Ceske Radio was the worst hit in Prague, down 3.83%, trading as low as CZK 1,582 intraday. The Czech market copied ups and down of the major markets, local news played a moot role. Total trading volumes reached USD 23 mil.