The Prague Stock Exchange and the PX index. How stocks are doing at home

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.

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Prague Stock Exchange: summary of the last trading day

The Prague Stock Exchange fell for the fourth time in a row. The PX index lost 0.44 percent to 1212.59 points. The shares of the energy company ČEZ lost more than 3.5 percent, the securities of the arms company Colt CZ fell by more than six percent. This follows from the exchange’s website. The Czech crown weakened slightly against the euro and strengthened against the dollar.

The PX index is still at its lowest value since the end of last July, where it already fell on Friday. Shares of ČEZ and Colt CZ continued Friday’s decline after Prime Minister Petr Fiala (ODS) confirmed that the government is discussing the possibility of sectoral taxes, Wood & Company analyst Vojtěch Boháč said.

ČEZ securities fell by 3.61 percent to 935 crowns. According to Boháč, they were last traded below more than a quarter of a year ago. Due to the same concerns about the taxation of so-called extraordinary profits, Colt CZ shares ended weaker by 6.18 percent at CZK 516. Securities of the antivirus company Avast decreased by 1.17 crowns to 148.25 crowns.

Of the bank issues, Erste Bank fell by 0.30 percent to 591 crowns, while Komerční banka, on the other hand, is correcting losses from last week and today strengthened by 2.04 percent to 650 crowns. Moneta Money Bank added 0.47 percent to 85.50 crowns. The shares of the insurance company VIG also rose by 0.37 percent to 547 crowns.

PX index and its base*

Avast

Originally Czech cyber security company will end on the Prague Stock Exchange. 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.

OVER

Energy company with a 70 percent state share. Investors expect relatively high dividends due to sharply rising electricity prices.

First 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

The beverage group founded in 2021 builds on, among other things, the pre-revolutionary popularity of the drink Fuck off.

Commercial Bank

A subsidiary of a French financial group Societe Generale.

Moneta Money Bank

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 the groups PPF.

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.

Photon Energy

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

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