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.
Investments of 2022 in the shadow of war. How global companies are responding:
Prague Stock Exchange: summary of the last trading day
After four days of losses in a row, the Prague Stock Exchange slightly strengthened, the PX index rose by 0.1 percent to 1137.91 points. Among the leading issues, energy company ČEZ, insurance company VIG and Erste Bank improved, while Komerční banka and Moneta Money Bank weakened. This follows from data on the stock exchange website. On Monday, the Prague Stock Exchange closed at the lowest level since May 20 last year.
“During the day, the Prague Stock Exchange had a tendency to at least partially erase the losses from the previous days, and the PX index strengthened by more than one percent. However, the temporary gains did not last for the most part, and the domestic index closed with only a small profit,” said David Brzek from Fio banka.
Banks ended today’s trading mixed. Erste Bank was the only gainer, whose shares gained 0.11 percent to 555 crowns. According to Brzek, the most significant turnover during the day was evident in the shares of Komerční banka. During the day, it traded safely above the 580 crown mark, but ended with a loss of 0.61 percent at 568 crowns.
“Although Komerční banka’s shares are relatively cheap and an extraordinary autumn dividend is still in play, with uncertainty regarding possible taxation and unflattering prospects for economic development, investors are still not very keen on the title,” Brzek added. Moneta Money Bank depreciated by 0.41 percent to 73 crowns.
In addition to Erste, ČEZ and VIG also strengthened among the leading issues. Energy shares rose in price by 0.38 percent to 914.50 crowns, and insurance company securities improved by 0.89 percent to 565 crowns.
The arms company Colt CZ and the company Photon Energy, which deals with the construction of solar power plants, did well from smaller emissions. Shares of Colt gained 1.5 percent to 541 crowns and Photon Energy gained 5.31 percent to 64 crowns.
PX index and its base*
The originally Czech cyber security company on the Prague Stock Exchange will end. The reason is its takeover by the American company NortonLifeLock. The connection is supposed to cost about 190 billion crowns.
Česká zbrojovka Group
Uherskobrodský holding attracted the attention of investors especially by taking over the American company Colt Holding Company.
Energy company with a 70 percent state share. Investors expect relatively high dividends due to sharply rising electricity prices.
Erste Group Bank
Austrian banking group operating, among other things, in the Czech Republic through Česká spořitelna. Investors hope that a possible increase in interest rates in the eurozone and the Czech Republic will help the group’s financial results.
Kofola Czech Republic
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.
Money Bank coin
The fourth largest bank in the Czech Republic is one of the most profitable stocks on the Prague Stock Exchange. However, Moneta’s business wants to take over PPF groups.
Philip Morris CR
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.
Stock Spirits Group
In addition to the Czech Republic, the British distillate manufacturer also operates in Poland, Italy and Slovakia.
Vienna Insurance Group
The Viennese insurance group is one of the largest in Central and Eastern Europe.
*As of September 20, 2021