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

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.

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.

The beverage group continues, 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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