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 weakened after the previous four days of growth. The PX index fell by a third of a percent today to 1520.43 points. It was mainly dragged down by the shares of Moneta bank and energy group ČEZ. This follows from trading data on the exchange’s website.

Of the 11 issues affecting the value of the PX index, six closed today’s trading with a loss. The securities of Photon Energy weakened the most, losing 2.5 percent.

Due to the volume of sales, shares of Moneta bank had a more significant effect on the index’s decline. They became cheaper by almost a percent to 101 crowns per piece.

The shares of the semi-state energy company ČEZ did not do well either. They closed trading at a price of 825.50 crowns, less than one percent lower than when the stock exchange opened in the morning.

On the contrary, Colt and Philip Morris CR were among the growth stocks today. Zbrojovka’s shares rose by 0.65 percent to 618 crowns. The securities of the Kutnohora producer of tobacco products rose in price by 0.38 percent to CZK 15,860 per piece.

The koruna was traded today around 17:00 at the rate of 25.34 CZK/EUR and 23.42 CZK/USD. Compared to early Tuesday evening, it strengthened against the dollar by 11 pennies, the exchange rate to the single European currency did not change. This follows from data from the Patria Online server.

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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