The PSE down for the second day, negative sentiment prevail at foreign markets

The market got hit after release of poor US macroeconomic data and corrected recent rally. The total traded volume was in-line with the long-term averages. CEZ declined below CZK 920 on mixed selling. Komercni banka was decreasing for the whole day and found support at the CZK 3,500 level. Philip Morris got another hard loss. ECM was the star of the day, which could be related with company’s presentation in London. The stock jumped by 5.3% and reached its all-time high. No major corporate news were out.