The stock exchange index PX rose by 0.72 percent to 1261.73 points on Friday. At the end of the working week, the shares of Komerční banka and the electricity company ČEZ pulled it up, on the contrary, Moneta Money Bank lost. It follows from the results of trading on website stock exchanges. The koruna weakened against both major world currencies today.
Komerční banka’s shares rose by 2.22 percent to 644 crowns. After Thursday’s loss, ČEZ securities strengthened again today, by 0.93 percent to 1,090 crowns. The issues of insurance company VIG improved by 0.88 percent to 575 crowns. Like the previous day, shares of Photon Energy, which deals with the construction of solar power plants, achieved the most significant growth. They added 5.19 percent to 81 crowns.
Moneta, on the other hand, lost 0.24 percent to 82.80 crowns. Securities of the Erste banking group fell slightly, only 0.10 percent to 610.80 crowns. Beverage manufacturer Kofola and the arms manufacturer Colt ended up in the red today.
In the past week, the PX index rose by 2.28 percent to 1261.73 points. The shares of the energy company ČEZ did the most, rising by around five percent.
The PX index rose throughout the week. It has been growing for eight days in a row. “It was interesting on Tuesday, when European and overseas stock exchanges recorded losses. In Prague, on the other hand, it was only due to the performance of ČEZ shares,” said Komerční banka analyst Bohumil Trampota. The ČEZ Group announced its financial results on Tuesday, according to which its net profit for the first half of this year rose by 32 billion year-on-year to 33.6 billion crowns.
“The reaction to the strong results and better projection of the full-year numbers was still visible on Wednesday,” said Trampota regarding the development of the CEZ share price. During the whole week, CEZ’s securities rose by 5.01 percent to 1,090 crowns, which was the best performance among the main issues of the Prague Stock Exchange.
Komerční banka’s shares also performed well. They have been strengthening for nine days in a row since August 2. The bank announced on August 3 that its net profit increased by 60.3 percent year-on-year to 8.426 billion crowns in the first half of this year. In the past week alone, Komerční banka’s shares improved by 4.21 percent to 644 crowns.
On the contrary, the securities of the pharmacy chain Pilulka recorded the biggest weekly drop. “Trading with them is very volatile due to smaller volumes. This week the price oscillated around the level of 1,000 crowns and finally closed just above it,” said Trampota. Pilulka’s shares weakened by 3.81 percent to 1,010 crowns for the week.
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