Prague – The Czech currency strengthened again against the euro and the dollar today. As of 17:00, the koruna strengthened against the euro by 11 halers to 24.50 CZK/EUR and against the dollar by 12 halers to 22.86 CZK/USD compared to the previous close. This follows from data on the Patria Online server. The Prague Stock Exchange lost again today, the PX index fell by 0.36 percent to 1370.17 points.
“Of the Central European currencies, the Czech koruna strengthened the most, strengthening by 0.5 percent against the euro and partially correcting the losses from the beginning of the week in connection with weak data from the domestic economy,” Komerční banka analyst Kevin Tran Nguyen said. According to him, the Polish zloty and the Hungarian forint also strengthened, but only by 0.2 percent.
On Monday and Tuesday, the koruna weakened against the euro. In total, according to data from Patria Online, she lost more than two dozen pennies over the two days. On Monday, the Czech Statistical Office announced that the year-on-year decline in industrial production in the Czech Republic accelerated in September, and on Tuesday, statisticians reported an acceleration in the September year-on-year decline in retail sales.
The Prague Stock Exchange lost again today, ending up in the red for the fifth time in a row. The PX index fell by 0.36 percent to 1370.17 points. Shares of the energy company ČEZ contributed to the decline, which weakened below CZK 1,000 after today’s publication of the economic results for the three quarters of this year. This follows from the data on the stock exchange’s website and the comments of analysts.
ČEZ issues, after three days of growth, lost 1.14 percent to CZK 995 with the highest daily volume of CZK 147 million. “The Prague Stock Exchange recorded losses despite below-average activity today, when ČEZ shares fell back below the CZK 1,000 mark, despite better-than-expected economic results for the third quarter,” said Wood & Company broker Vladimír Vávra.
ČEZ earned 29.8 billion crowns from the beginning of the year to the end of September, which means a year-on-year drop in net profit of 43 percent. The main reason for the decline is the windfall tax introduced this year. On the other hand, due to the high market prices of commodities, the group’s operating profit (EBITDA) rose by six percent to CZK 95 billion.
Today, Erste Bank’s securities lost 1.29 percent to 827 crowns, and insurance company VIG lost 0.71 percent to 625 crowns. Shares of the arms manufacturer Colt CZ also weakened, by more than one percent to CZK 536. On the contrary, Moneta Money’s issues rose by 0.67 percent to 90.60 crowns, and Komerční banka rose by 0.82 percent to 673 CZK. Philip Morris shares ended trading unchanged at CZK 16,180.
Exchange rate of the Czech currency:
|Previous conclusion||Today around 5:00 p.m|
Source: Patria Online
CR currency end of exchange rates TABLE