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The Prague stock exchange weakened, only the shares of the banking company Moneta rose

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The calm policy of central banks contributed to a significant overvaluation of the leading US indices. Therefore, some investors decided to look for opportunities in the domestic market. The current development of the PX index offers automatically updated infographics. The robotic report sums up the results of each trading day after its end.

  • PX index and current value

  • Prague Stock Exchange: results of the last trading day

  • PX index and its base

PX index and current value

The PX index reached its historical maximum in 2007. But then followed by a sharp drop as a result of the global economic crisis. Equally dramatic was the recession due to the shock of the corovirus in March 2020. Even thanks to the extremely relaxed policy of the central banks, the domestic stock market quickly recouped the then losses.

2022 investment in the shadow of war. How global companies are reacting:

Prague Stock Exchange: results of the last trading day

The Prague Stock Exchange continues to weaken. The PX index lost 0.26% today to 1234.89 points, ending in the red every time this week. Only shares of Moneta Money Bank rose in the index, other shares fell, including shares of the electricity company ČEZ, the most traded today. This follows from the information on the exchange website. Today, the krone stagted against the euro and strengthened against the dollar.

Shares of ČEZ Group fell 1.35% to 805 kroons, closing at the lowest level in two weeks, Vojtech Bogacs, an alyst at Wood & Company, said. Arms company Colt CZ’s issuance dropped 1.07 percent to 553 kroner after the publication of third-quarter results today, shedding most of Tuesday’s gains. The holding reported revenue of 10.2 billion crowns in nine months, up 34.4% year-over-year, mainly due to increased arms sales and Colt’s revenue consolidation. The net profit of the weapons group reached 1.3 billion crowns.

During the day, Moneta securities rose 1.11 percent to 73.10 kroons, the only increase in the Prague Stock Exchange index. On the other hand, the Erste banking group lost, its share price fell by 0.36 percent to 719 kroons. After six days of weakening, Komerční banka stopped at the price of 725 kroons.

Today, the kroon has risen in price by just a penny against the euro to 24.36 kroons per euro, and has strengthened 20 times against the dollar to 23.48 kroons per dollar.

PX index and its base*

Avast

Initially, the Czech cybersecurity company on the Prague Stock Exchange will cease to exist. The reason is its absorption by the American company NortonLifeLock. It is assumed that the connection will cost about 190 billion crowns.

Česká zbrojovka Group

The Ugerskobrod holding attracted the attention of investors, in particular, by acquiring the American company Colt Holding Company.

CHEZ

Energy company with a 70 percent state share. Investors expect relatively high dividends due to the sharp rise in electricity prices.

Erste Group Bank

An Austrian banking group operating, among other things, in the Czech Republic through Česká spořitel. Investors hope that a possible increase in interest rates in the eurozone and the Czech Republic will help the group’s fincial results.

Kofola Czech Republic

Founded in 2021, the beverage group draws in part on the pre-revolutiory popularity of Kofola.

Commercial Bank

A subsidiary of the French fincial group Société Générale.

money bank coin

The fourth largest bank in the Czech Republic is one of the most profitable stocks on the Prague Stock Exchange. However, Coin’s business wants to absorb the PPF groups.

Philip Morris CR

Subsidiary Philip Morris Intertiol is increasingly relying on its heated tobacco products. It is said to be a less harmful version of smoking.

Photon Energy

The solar company was included in the PX index on March 22, 2021.

Spirits group

In addition to the Czech Republic, the British distillate producer also operates in Poland, Italy and Slovakia.

Vien Insurance Group

The Vien insurance group is one of the largest in Central and Eastern Europe.

* As of September 20, 2021

Source: Blesk

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