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

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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 is now the strongest in about two years. The PX index rose by 0.37 percent to 1458.36 points. The last time it was higher was on February 11, 2022. Most of the main issues of the Prague Stock Exchange strengthened. The main drivers of growth were the shares of the energy company ČEZ and Moneta Money Bank.

ČEZ securities recorded the largest volume of trades and at the same time strengthened by 0.75 percent to 877 crowns. Among the most traded issues, the price of Moneta shares rose by 1.21 percent to 100.20 crowns. They thus reached the highest ever price since the beginning of their trading on the Prague Stock Exchange.

The growth of the stock market was hindered by the weakening of the securities of Komerční banka and the Erste banking group, which were also among the issues with the largest trading volumes. Komerční banka shares fell by 0.40 percent to 752 crowns and Erste shares by 0.20 percent to 994 crowns.

Among the main issues, the most significant growth was achieved by the shares of the insurance group VIG, which rose by 1.22 percent to 663 crowns. On the contrary, the securities of the arms company Colt CZ suffered the biggest drop. They weakened by 0.69 percent to 578 crowns.

PX index and its base*

Colt CZ Group SE, together with its subsidiaries, is one of the world’s leading manufacturers of small arms for the armed forces, personal defense, hunting, sports shooting and other commercial uses.

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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