PX index posting biggest fall in 12 weeks,all blue chips in the red

PX index posting biggest fall in 12 weeks,all blue chips in the red

Prague, Sept 23 (CTK) - The Prague stock index PX closed 2.55 percent lower at 1,168.13 points, which was the biggest decrease in 12 weeks, and all the ten blue chips which affect the index's value were posting losses in today's trade, the Prague Stock Exchange (BCPP) said on its website.

Austria's Erste Group Bank declined by 5.25 percent to Kc578 apiece. "It was its fourth drop during the past four days," said Wood & Company analyst Vojtech Bohac.

The Prague bourse was influenced by negative sentiment on the global stock markets, he said.

Austrian insurer VIG fell by 2.16 percent to close at Kc544 per share.

Czech bank Komercni banka traded 1.85 percent lower at Kc635.50.

Pharmacy chain Pilulka Lekarny went down by almost 4.9 percent.

Power producer CEZ came under selling pressure, too, its shares depreciating by 1.81 percent to Kc923 per unit.

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