RM-System index PK 30 down 2.1 pct before it is replaced

As of next week, the development in share prices will be expressed by a new index RM that will comprise a much lower number of shares.

Czech shares were influenced by the fall on foreign bourses and fears of high oil prices. Trading activity remained low, with the overall turnover rising to Kc22.8m from Kc13.2m; but there were only three trading days last week owing to national holidays.

Sellers focused on telecoms operator Telefonica 02, which slid 4.7 percent to Kc453. Shares in Komercni banka lost 3.8 percent to Kc3,059.2 and electricity producer CEZ, the biggest issue on the market, closed the week 0.4 percent lower at Kc724.9.

RM-System has come up with a new index especially due to a decline in the number of shares. RM will be composed of ten shares instead of thirty in the case of PK 30.

CEZ and Telefonica 02 (former Cesky Telecom) will remain the biggest issues in the index. The position of Unipetrol in the index will improve considerably, while the shares of Komercni banka and Philip Morris stock will decrease.

The other stocks in the index base will be Spolchemie, Toma, Paramo, Brnenske vodovody a kanalizace and OHL ZPSV.