CEZ and CT drives the market lower

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Investiční bankovnictví KB

      The Prague Stock Exchange returned on its downward path thanks to sale of Cesky Telecom and CEZ. The PX-D weakened by 0.3% to 1,178.8 points during morning. Philip Morris CR is the most losing stock falling almost by 2%. The investors’ begun taking profits after the stock touched all time high of CZK 12,000. CEZ dropped by 1.9% and is retreating from magic level of CZK 100. Cesky Telecom currently drops by 0.5%. Komercni banka and Unipetrol bock the trend. Komercni banka added 1.5% and Unipetrol tacked on a 1.8% gain. Unipetrol is driven by privatization related news. The expectations that Agrofert would not be a final owner drive the share price higher.

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