Cesky Telecom sent the market lower

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Investiční bankovnictví KB

      Prague Stock Exchange finished weaker on Wednesday, when the PX-D index lost 0.4% to 1,091.6 points. Cesky Telecom and CEZ drove the market lower. Cesky Telecom was the worst performing issue losing 3.4%. CEZ weakened by 1.8%. Unipetrol dropped by 2.4%. Banks bucked the trend. Komercni banka outperformed the market improving by 3.0%. Erste Bank ticked up 0.4%. Investors are probably swapping their positions ahead of 1-3Q02 results into relatively safer banks.

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