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 returned to growth after Tuesday’s decline, the PX index strengthened by 0.43 percent to 1555.44 points. Banking titles did particularly well. Conversely, the shares of the energy company ČEZ lost. Market activity was high.
“The volume of transactions was approximately double the long-term average, when shares were traded on the main market for approximately CZK 870 million,” said Wood & Company broker Vladimír Vávra.
A total of 534 million crowns went to trades in Komerční banka shares, which were last traded with the right to a dividend payment. They appreciated by 0.58 percent to 874.50 crowns. “Tomorrow (Friday), we can expect a technical drop in the price by the amount of the dividend,” noted Fio bank analyst Martin Singer. Erste Bank added 1.58 percent to 1127.50 crowns and Moneta Money Bank improved by 0.32 percent to 95.40 crowns.
“On the contrary, ČEZ shares took a break today and wrote off part of the gains from the beginning of the week,” said Vávra. ČEZ securities fell by 0.98 percent to 861.50 crowns. The company Photon Energy, which deals with the construction and operation of photovoltaic power plants, also ended up 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.
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.
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
