Equity markets are looking for a trend

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Investiční bankovnictví KB

      Thursday is quiet again, the PX-D index moves around its yesterday’s close of 1,215.3 points. Losses of the telecommunications sector are balanced with further gains of Komercni banka. Cesky Telecom corrects by 0.7% and Ceske Radiokomunikace trades down by 0.5%. On the contrary, Komercni banka rose by 0.4%. Other SPAD titles losses. Erste Bank, Unipetrol and Philip Morris CR drops in a range of 0.5-0.8%.

      

       European shares are looking for a trend, as positive news from corporate sector is balanced with negative sentiment stemming from continuing worries from Iraq crisis. DaimlerChrzsler said that it expects further recovery in 2003, as its Chrysler division should improve its performance. Diageo and BAE Systems also announced better results. TotalFinaElf tradees down after its results were below market expectations. On the contrary, Repson moves up after denying reports that it was planning a convertible bond issue.

      

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