CT and Erste Bank dragged domestic shares down on Wednesday

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Investiční bankovnictví KB

      Domestic equity market slumped on Wednesday dragged by sell-off of Cesky Telecom and Erste Bank. The PX-D index fell by 2.0% to 1,058.6 points. Cesky Telecom erased 4.5% ahead of its 1-3Q results and its shares are heading close to CZK 200. Erste Bank lost almost 4% and attacked the level of CZK 1,800. CEZ also performed poorly diving by 2.1% after its net profit figure came out below the market expectations. On the contrary, Komercni banka again positively surprised the market, when it said its net profit soared by 149% to CZK 6.3bn in 1-3Q02. It closed up 2.2%. Ceske Radiokomunikace also outperformed the market gaining 2.4% back above CZK 200.

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