PSE followed its regional peers down

As the other markets in CEE region also the Czech index PX erased some of its value. Volumes remain well below a long term average. CEZ consolidated on the CZK 827 level after buying from international accounts. Telefónica O2 CR (Cesky Tel) declined as both international and domestic players realized profit taking. Erste Bank managed to close flat despite the fact that Vienna’s trading line decreased. Komercni banka dropped on the lack of interest. Zentiva finished down after buyers pulled their bids away in the afternoon. No major catalysts were out today.