Czech market: Red colour spreads over the region

Czech market slid 1.0% as all stocks ended down in red and worsening political situation in Hungary hit the entire CE3 market. Once again speculations over possibility that government could sell 16% stake in CEZ dragged it down as market fears the overhang of shares. Moreover electricity prices in Western Europe were on decline. TEF O2 CR got hit down to CZK 473 intraday when it was sold off by retail investors but recovered to CZK 477 level at close. Tomorrow is the last day it trades with rights for CZK 45 dividend under T+3 settlement. Sad story continued in Unipetrol as it erased 2.4% on local account leaving their positions. Volumes increased as volatility surged.