Even after Easter, the Prague Stock Exchange improved its year-long high

Even after Easter, the Prague Stock Exchange improved its year-long high
Even after Easter, the Prague Stock Exchange improved its year-long high
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Commercial presentation Update: 2/04/2024 17:24
Issued by: 2/04/2024, 17:24

Prague – Even after the Easter holidays, the Prague Stock Exchange improves its almost sixteen-year high. Last Wednesday, the PX index closed above the 1,500 point mark for the first time since the end of June 2008, today it strengthened by 0.68 percent to 1,525.39 points. It was mainly driven up by the shares of Erste and Komerční banka, on the other hand, issues of the energy company ČEZ ended in the red. The koruna weakened against the euro and the dollar today.

The index of the Prague Stock Exchange ended today at the highest closing value since June 24, 2008. “One day earlier, on June 23, 2008, the index ended at 1,551.8 points,” said Wood & Company broker Vladimír Vávra.

Erste shares gained 1.39 percent to CZK 1,056.50 today, the value of Komerční banka’s issues rose by 1.31 percent to CZK 851. The securities of insurance company VIG rose in price by 1.52 percent to 736 CZK and the arms company Colt by 0.66 percent to 614 crowns.

Conversely, CEZ shares weakened by 0.42 percent to CZK 833.50 today. Philip Morris issues also ended in losses, falling by 0.13 percent to CZK 15,800. “Pilulka’s shares fell quite significantly, by 6.05 percent to CZK 202,” added Vávra.

Moneta shares ended the first day of the new working week unchanged at CZK 102.

After Easter, the koruna weakened slightly against the euro and the dollar

The koruna lost against both major world currencies today. Compared to the last close before the Easter holidays, it weakened against the euro by four pennies to 25.34 CZK/EUR and against the dollar by a dime to 23.53 CZK/USD. This is according to data from the Patria Online server around 17:00 today.

The exchange rate of the koruna weakened slightly today. “It reached the level of 25.36 CZK/EUR, where the trend turned and the koruna started to partially erase the losses,” Jana Steckerová from Komerční banka described the trading development.

The minutes of the previous monetary policy meeting of the Banking Board of the Czech National Bank (ČNB) were published today. Most of the members sought a clear procedure when deciding on interest rates and did not want to surprise the market, so they favored a decrease of 0.5 percentage point to 5.75 percent. Vice-governor Jan Frait and council member Tomáš Holub were in favor of a faster drop in rates with regard to current economic data.

Exchange rate of the Czech currency:

Previous conclusion Today around 5:00 p.m
CZK/EUR 25,30 25.34
CZK/USD 23.43 23.53

Source: Patria Online

CR stock exchange currency closing BCPP shares TABLE

The article is in Czech

Tags: Easter Prague Stock Exchange improved yearlong high

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