The Prague Stock Exchange continues to weaken, Komerční banka fell sharply

The Prague Stock Exchange continued to weaken, the PX index fell by 0.26 percent to 868.03 points. Banks in particular drew him down. Only three titles closed with a profit – Avast, ČEZ and Stock.

“As on Monday, investors had a negative perception of further restrictions due to coronavirus, which will slow down the economy and to this was added a decline in Western European markets,” said Josef Dudek from Fio banka.

The worst performers were Komerční banka, which fell by 2.34 percent to 481 crowns. Erste Bank wrote off 1.5 percent to CZK 479.20 and Moneta Money Bank 0.73 percent to CZK 54.10. Insurance company VIG and operator O2 also lost about half a percent, so their shares will now stand at CZK 534.50 and CZK 218.50, respectively.

As on Monday, Avast prevented a larger decline in the index by strengthening by 1.10 percent to 160.45 crowns. CEZ partially corrected Monday’s weakening by growing by 0.92 percent to 439 crowns, Dudek noted.

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