Prague – After eight consecutive increases, the Prague Stock Exchange fell today. The PX index decreased by 0.24 percent to 1381.88 points. Shares of Komerční banka, which today published the results for this year’s three quarters, lost almost two percent. This follows from the exchange’s website. The Czech koruna continued to strengthen against the euro and the dollar today.
The PX index ended on Thursday at the highest level since May 11, and remained at this level despite today’s weakening. “Today, the index went against the performance of the majority of not only the European stock exchanges, which strengthened,” noted Komerční banka analyst Bohumil Trampota.
Today, Komerční banka’s shares fell by 1.85 percent to 690 crowns. In the first three quarters of this year, the bank’s net profit fell by 4.9 percent year-on-year and revenues decreased by 6.9 percent. “It fell short of the outlook for operating income,” commented Martin Singer from Fio banka on the results.
Moneta Money Bank securities also went down by 0.33 percent to 90.50 crowns. But they defended the important limit of 90 crowns, said Trampota. On the other hand, Erste Bank shares rose by 0.62 percent to 841.20 kroner, which, according to Singer, strengthened even more significantly on the Vienna Stock Exchange. Securities of the insurance company VIG also improved by 0.32 percent to 630 crowns.
The shares of the energy company ČEZ did not fare well, falling by a quarter of a percent to 989.50 crowns. The securities of the beverage manufacturer Kofola fell by 1.11 percent to 268 crowns, the shares of the arms company Colt CZ fell by 0.71 percent to 556 crowns.
Exchange rate of the Czech currency:
|Previous conclusion||Today around 5:00 p.m|
Source: Patria Online
The Prague Stock Exchange strengthened again during the week, the PX index rose by 2.3 percent to 1382 points
The Prague Stock Exchange strengthened again this week, the PX index rose by 2.3 percent to 1381.9 points compared to last week. This time, Pilulka’s shares recorded the biggest increase, while Kofola’s shares suffered the biggest decline. This follows from the exchange’s website. In the previous week, the Prague Stock Exchange grew by 0.7 percent.
“At the same time, the week-on-week growth was the highest since mid-September, and the closing value of the index on Friday was the highest since the beginning of May. In the past week, the stock market was mainly under the influence of the results season, when financial titles, led by Erste, helped it to make gains. Growth was reported on four out of five days, it only recorded a decrease today,” said Wood & Company broker Vladimír Vávra.
In the weekly balance sheet, Pilulka’s shares performed best, increasing by 10.74 percent to 299 crowns. However, shares have faced strong sell-offs in recent weeks. For example, in the previous week the title weakened by more than 22 percent.
The second most successful title of the week was Erste shares, which increased by 4.43 percent to 841.20 crowns. VIG shares followed with a growth of 3.96 percent to 630 crowns. Komerční banka’s shares gained 2.99 percent to 690 crowns in the weekly balance despite Friday’s drop due to worse results for the third quarter. The currency strengthened by 2.96 percent to 90.50 crowns. Philip Morris shares also did well, growing by 1.88 percent to 16,300 crowns.
On the other hand, Kofola shares recorded the biggest losses in the week (by 1.47 percent to CZK 269). ČEZ shares, which finished above the 1,000 crown mark last week, lost 1.35 percent during the week to 989.50 CZK. Shares of Photon Energy fell by 1.17 percent to CZK 50.60, and Colt armory shares fell by 0.18 percent to CZK 556.
CR stock exchange currency closing BCPP shares TABLE