Market corrected on Friday, Ceske Radiokomunikace leaped 2.5%

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Investiční bankovnictví KB

      The market corrected on Friday. The PX-D went down by 0.7% to 1,151.2 points. Domestic shares moved in line with their foreign peers, where the investors also decided to take profits. Ceske Radiokomunikace saw its shares slumping by 2.5%. The other blue-chips followed. Cesky Telecom dropped by 1.6%, Komercni banka fell by 0.4% and CEZ declined by 0.3%. Komercni banka managed to hold the level of CZK1,800. Defensive play Philip Morris CR and Unipetrol bucked the trend. Unipetrol is driven higher by speculations the company’s privatization will be cancelled on Monday.

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