Shares finished lower, Philip Morris CR -6,7%

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Investiční bankovnictví KB

      Prague Stock Exchange finished slightly lower on Monday, the PX-D index lost 0.3% to 2,033.6 points. The market was dragged down by strong sell-off of Philip Morris CR and Ceske Radiokomunikace. Ceske Radiokomunikace lost 6.5% and Philip Morris CR weakened by 6.7%. Erste Bank dropped by 0.8%, as the investors also took profits. Reported complications in privatization of Unipetrol sent the shares down by 1.7%. On the contrary, Cesky Telecom increased by 0.5% following the company’s announcement it could spent up to CZK 6.6bn (CZK 20.50 per share) on dividends.

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