Domestic shares advanced ignored losses abroad, KB +4.4%

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Investiční bankovnictví KB

      Domestic shares finished slightly higher on Tuesday and ignored losses on equity markets across Europe and on Wall Street. The PX-D index advanced by 1.9% to 1,158.0 points. The market was driven higher by Komercni banka, which soared by 4.4%. The shares easily broke through the level of CZK 2,000 and closed at CZK 2,057. Other issues lagged significantly. Cesky Telecom increased by 1.9%. CEZ and Erste Bank increased by around 1%. Only Ceske Radiokomunikace bucked the trend losing 0.7%. The market activity was subdued without significant fundamental impulses. The market is starting to be influenced by Christmas season.

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