The Prague Stock Exchange weakened today, dragged down by Moneta shares

The Prague Stock Exchange weakened today, dragged down by Moneta shares
The Prague Stock Exchange weakened today, dragged down by Moneta shares
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Today, the Prague Stock Exchange did not follow Monday’s growth and weakened, the PX index lost 0.12 percent to 1548.85 points. Even though most stocks did well, including ČEZ, Komerční banka and Erste, the index was mainly driven down by the shares of Moneta and also the insurance company VIG. This follows from information on the stock exchange’s website. The market will reopen on Thursday due to the public holiday.

The Prague Stock Exchange did not maintain Monday’s positive trend and weakened. While the shares of ČEZ, Erste and Komerční banka tried to keep the stock market in positive numbers, practically only the shares of Moneta, with the contribution of VIG, pulled it into the negative.” said Wood & Company broker Lukáš Novotný.

Moneta’s securities lost 2.36 percent today and closed trading at CZK 95.10. VIG shares lost 0.81 percent to 734 crowns.

Other major titles rose or stagnated. Emissions from the energy company ČEZ increased by 0.64 percent to CZK 870. Today, the Czech Republic received permission from the European Commission for public financial support for the construction of a new nuclear unit in Dukovany. At the same time, the deadline for the submission of a binding offer for the construction of up to four nuclear reactors in the Czech Republic, submitted by the French EDF and the Korean KHNP, has expired.

Erste shares initially weakened by more than 1.7 percent after the first quarter results were published today, but gradually corrected losses for the rest of the day. Finally, they closed stronger by 0.23 percent at CZK 1,110.

Komerční banka’s shares also finished in the positive, rising by 0.52 percent to CZK 869.50. Issues of the Colt arms company gained 1.41 percent to CZK 649, and Photon Energy securities gained 0.9 percent to CZK 44.90.

Philip Morris shares ended trading unchanged at CZK 16,000. Today’s general meeting of the company decided that the company will pay a dividend of CZK 1,220 per share for last year. For the previous year, shareholders received 1,310 crowns. Last year, the tobacco company’s net profit fell by eight percent year-on-year to CZK 3.3 billion.

The exchange rate of the koruna remained almost unchanged today. Against the euro, the Czech currency strengthened by a penny to 25.15 CZK/EUR, while against the dollar it weakened by a penny to 23.49 CZK/USD.

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Commentary on current developments in the currency market (forex) from a professional trader and analyst.

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Commentary on current developments in the currency market (forex) from a professional trader and analyst.

Regular weekly FOREX video commentary – FXstreet.cz

Commentary on current developments in the currency market (forex) from a professional trader and analyst.

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