The Prague Stock Exchange experienced the worst August in the last 11 years, while September, on the other hand, is a statistically positive month

While in the first half of August the Prague Stock Exchange, as measured by the PX index, attempted a positive direction, the rest of the month brought a return to its southern direction. In the end, it fell for the fifth month in a row, when it also wrote off a significant almost 5%. The last time she experienced a more negative August was in 2011, and she experienced a generally worse month at the time of the start of covid. In March 2020, the PX index fell by almost a fifth. In any case, the Prague Stock Exchange has now found itself more than a year behind. It has lost almost 18% since the beginning of the year, primarily due to financial issues. After including the dividends paid, i.e. according to the PX-TR index, the losses of the Prague Stock Exchange amount to less than 13%.

In the end, they lost the most action in August PILL, which headed more south after news of management sales especially at the end of the month. They closed at CZK 900, i.e. the lowest since February 2021. They even took over the shares ERSTE the unflattering title of this year’s most losing issue from the PX index.

The mentioned Austrian title was, however, by its weight in August, and also since the beginning of the year, an incomparably more negative article, or the most important thing at all. In home Vienna, after breaking through the previously mentioned technical border at EUR 22.50, it looked up to EUR 21.25, where it last traded in November 2020. The end of the month brought a hint towards the mentioned technical border, but it can now already act as resistance.

Similar lows are recorded by shares KB, which headed further down in the last August closing auction due to significant selling pressure. The shares even fell by more than CZK 2 in the aforementioned auction COIN, which have actually held on for quite a long time in recent weeks. It helped them to significantly improve their influence on the Prague Stock Exchange. Their weight in the PX index jumped over 18%, while that of shares ERSTE it has already fallen from the recent 20% to below 17.5%. Stocks KB they now have 18%, in any case they have an unprecedented streak of seven consecutive months of losses.

In short, financial titles still cannot find solid ground under their feet due to fears of a possible recession and in the context of an increase in non-performing loans, and hence their more significant taxation.

However, long-term index-dominant shares are a significant driver of the Prague Stock Exchange ČEZ. Wild electricity prices and subsequent political statements about extraordinary taxation of non-standard profits continue to contribute to significant volatility in the title. At the end of August, it even looked below CZK 984, while it traded more than CZK 120 higher in the month. Investors seem to have reacted negatively to the latest news from the prime minister that the government really intends to take control of the company’s electricity generation.

The complete semi-annual report currently published by the energy company revealed that as of the decisive day (June 21) for participation in this year’s general meeting ČEZ financier Pavel Tykač owned a share of 1.47%. That is, at least according to the status in the CDCP on his company’s account
Belviport. It may be recalled that at the beginning of February this year, he reported an equal percentage share to the regulator. Subsequently, he wanted to buy up to 9 million shares as part of accelerated bookbuilding, or another 1.67%. However, he withdrew from the tender at the time of the start of the war in Ukraine. To stocks ČEZ however, he evidently invested at least another CZK 2 billion in the meantime. The mentioned share of Pavel Tykač in the general meeting can currently be valued at 7.8 billion CZK.

Shares also recorded significant volatility PHOTON ENERGY, which are also significantly influenced by electricity prices. The title already recorded triple-digit gains this year, when it traded for up to CZK 90 in August. However, he subsequently deleted part of the profits, or suddenly approached the possibility of entering the so-called bear market. This would happen in the event of its correction by more than 20% from the highs, but the current decline in the title will rather be just a healthy breather.

Shares added significantly more in August after the positive opinion of the British Antimonopoly Authority on the merger Avast, which, however, are no longer part of the PX index since the winter. In addition, according to everything, their 4-year tenure on the Prague Stock Exchange will definitely end in the first half of September. The announced merger with NortonLifeLock. The Prague Stock Exchange has not yet confirmed the earlier vision that the successor American title should be traded dually on the Prague Stock Exchange in addition to the Nasdaq. Stocks Avast in any case, with an unusual traded volume of more than CZK 1 billion, they contributed to above-average August liquidity on the Prague Stock Exchange. They actually limited the dominant liquidity position of stocks ČEZ, which, after the previous two months, did not take care of more than half of the sales this time. But “only” by less than 47%.

In August, the insurance company’s shares became the third most profitable monitored title VIG, which took a breath even before the publication of solid economic results. Subsequently, however, they lost profits to be supported in the new buying wave by the statement of the head of the insurance company that she will no longer apply for the post for the next term of office.

It is also worth mentioning that in August, the shares were finally slightly profitable COLT. They were actually among the most volatile, when even intraday changes of more than CZK 10, i.e. approx. 2%, were not unusual. Active traders were generally offered prices in a relatively wide range of CZK 513-548 in August. In any case, the market had to deal with the sale of almost 14 thousand shares by a member of the board of directors, or head of the subsidiary American Colt.


In conclusion, it can be mentioned that the Prague Stock Exchange last experienced a longer “monthly” negative streak than this year in 2011. At that time, it even fell for seven months in a row. However, she could breathe a sigh of relief now, at least when looking at the long-term statistics. In the last 10 years, the Prague Stock Exchange has only lost twice in the index in September.

The article is in Czech

Tags: Prague Stock Exchange experienced worst August years September hand statistically positive month

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