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Prague Stock Exchange Index Drops 0.17% Amid Weight of Banking Shares

Strategic Insights

— 1 min read

The Prague Stock Exchange (BCPP) saw a drop in its PX index of 0.17% to 2,378.53 points, despite gains in most of its titles. The decline was triggered by shares of Erste Bank, Moneta Money Bank, and insurer VIG. Energy company CEZ and bank Komercni banka, however, ended in the black. Trading volume dropped from over Kc1bn on Wednesday to around Kc600m, slightly below the long-term average.

Key Takeaways:

  • The PX index has pushed its all-time high further this week, setting a new record at 2,384.11 points on Tuesday.
  • Erste Bank shares wrote off 1.54% to Kc2,052, while Moneta Money Bank lost 0.68% to Kc176.
  • CEZ gained 1.46% to Kc1,317, with a turnover of almost Kc300m, and Komercni banka rose by 1.15% to Kc1,060.
  • Engineering company Doosan Skoda Power added 1.77% to Kc460, and beverage maker Kofola rose by 0.40% to Kc502.
  • The Prague stock market has seen a significant increase in value since the start of the year, with the PX index starting around 1,760 points.

Statistics:

  • Trading volume dropped from over Kc1bn on Wednesday to around Kc600m.
  • The Prague stock market has seen a 0.17% drop in the PX index.
  • Erste Bank shares dropped by 1.54% to Kc2,052.
  • Moneta Money Bank shares lost 0.68% to Kc176.
  • CEZ gained 1.46% and had a turnover of almost Kc300m.

Sources:

  • CTK (no date provided)

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