Investors were selling mainly the shares of banks, which brokers ascribe to bad news from the financial sector in the USA.
The volume of trading was below-average. Erste Bank sank by 4.03 percent to Kc883.5. The loss would have been even bigger if the trading continued because on the Vienna Stock Exchange, Most of Czech health facilities no longer owned by state ...
Czech soccer hooligans may be punished during match at stadium ... where trading still continues, its price even fell to Kc870. Komercni banka dropped one percent to Kc3,694. Pharmaceutical producer Zentiva shed 0.97 percent to Kc1,119. French company Sanofi-Aventis has submitted an official bid for taking over Zentiva at a price of Kc1,050 per share. Sanofi-Aventis holds roughly a quarter in Zentiva, being thus its biggest shareholder. Mining company NWR bucked the trend, adding a strong 5.43 percent to Kc487.6. Cyrrus dealer Dusan Jilcik said this was because Morgan Stanley included the stock into the model portfolio of developing countries. CEZ also fared well, improving by 1.36 percent to Kc1,339. Komercni banka recommended to buy CEZ shares with the target price at Kc1,549. An increase in electricity prices was yet another reason. "Since the beginning of this year, electricity prices on the energy exchanges in Prague and Germany have grown by nearly 40 percent already," Komercni banka analyst Josef Nemy said. Not a single deal was made in second-hand car marts chain AAA Auto, which dealers say is very unusual for the best titles in the SPAS system.
(Ceske Noviny)
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