The Prague Stock Exchange and the PX index: How stocks are doing at home


PX index and current value

The PX index reached its historically highest values ​​in 2007. But this was followed by a sharp drop as a result of the global economic crisis. The decline due to the coronavirus shock in March 2020 was similarly dramatic. Even thanks to the exceptionally relaxed policy of central banks, the domestic stock market quickly erased its losses at the time.

Currently, the planned nationalization of ČEZ probably represents the biggest challenge for the PX index. According to some investors, the uncertainty surrounding the possible implementation of the plan keeps the share price significantly lower than it would correspond to its value. Some experts point out that the position of the Czech market as such would also suffer after the possible withdrawal of the title from the stock exchange.

Prague Stock Exchange: summary of the last trading day

The Prague Stock Exchange continues to grow, the PX index strengthened for the eighth time in a row. Today it rose by 1.05 percent to 1385.18 points. This was mainly due to the significant growth of Komerční banka shares and other major titles. The exception was the securities of the energy company ČEZ, which weakened.

Shares of Komerční banka, which will publish its third quarter results on Friday morning, gained 3.38 percent to 703 crowns today. “Despite today’s increase of more than three percent, Komerční banka’s shares are still significantly lagging behind both the performance of the PX index and the performance of the Erste bank and Moneta shares this year,” noted Wood & Company broker Vladimír Vávra.

Erste Bank issues rose by 0.97 percent to 836 crowns, Moneta Money Bank gained 1.68 percent to 90.80 crowns. The shares of insurance company VIG rose by 1.62 percent to 628 crowns.

On the contrary, ČEZ erased the profit from Wednesday’s trading. The value of his shares again fell below the threshold of one thousand crowns, when they weakened by 1.78 percent to 992 crowns. Today, ČEZ shares accounted for more than half of the total volume of trades for around 513 billion crowns.

PX index and its base*

Originally, the Uherskobrod armory took over the American company Colt Holding Company and grew into a holding company with production plants in a number of countries.

Energy company with a 70 percent state share. Investors expect relatively high dividends due to long-term rising electricity prices.

Austrian banking group operating, among other things, in the Czech Republic through Česká spořitelna. Investors believe that higher interest rates in the eurozone and the Czech Republic will help the group’s financial results.

Founded in 2021, the beverage group builds on, among other things, the pre-revolutionary popularity of the Kofola drink.

A subsidiary of the French financial group Société Générale.

The fourth largest bank in the Czech Republic is one of the most profitable stocks on the Prague Stock Exchange.

The Philip Morris International subsidiary is betting more and more on its heated tobacco product. It is said to be a less harmful variant of smoking.

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The solar company was included in the PX index on March 22, 2021.

After the end of the coronavirus pandemic, the pharmacy e-shop is trying to kick-start its growth.

The Viennese insurance group is one of the largest in Central and Eastern Europe.

*As of July 17, 2023

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The article is in Czech

Tags: Prague Stock Exchange index stocks home


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