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

At the end of the week, the Prague Stock Exchange fell slightly from the two-year high reached on Thursday. The PX index weakened by 0.07 percent to 1457.31 points. It was mainly driven down by the shares of the energy company ČEZ. On the contrary, banks strengthened.

“In the activity this time, Komerční banka ‘won’, where 138 million crowns flowed. Banks have traditionally been dominated by buyers, as recently,” said Pavel Hadroušek, Fio bank’s broker. Komerční banka shares added 0.13 percent to 753 crowns. Erste Bank increased by 0.51 percent to CZK 999.10.

Moneta Money Bank securities rose by 1.4 percent to CZK 101.60. “Today, the bank published financial results that exceeded analysts’ estimates and at the same time proposed a dividend of nine crowns per share,” said Wood & Company broker Lukáš Novotný. Moneta’s net profit last year amounted to 5.2 billion crowns and rose by 0.3 percent year-on-year.

CEZ shares were the second most traded title of the day. At the same time, they became cheaper by 0.8 percent to 870 crowns. The arms company Colt Cz, the beverage company Kofola, the tobacco company Philip Morris CR and the insurance company VIG also closed in the red.

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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