Slovak SAX index hits yet another low

The Slovak SAX index hit yet another all time low on October 21, falling 2.34 points or 2.48% to 91.93 in quiet trading. The drop was caused by decreases in the prices of drugs-maker Slovakofarma and refinery Slovnaft by 6.3 and 4.4% respectively. "General lethargy persists," J&T Securities Marian Herman said after the close, adding that the markets were waiting for signals from a new government, signs of crown stability or global investment climate changes. "Foreign investors seem to be waiting to hear something positive about the market," he added. Overall volume, including direct trades registered at the bourse, was 11,056 shares up from 9,533 shares traded on October 20. Turnover was 86.62 million crowns ($2.39 million) up from 5.00 million crowns.