Prague Stock Exchange Sees Weekly Gain After Three-Week Downturn

Strategic Insights -

The Prague Stock Exchange (BCPP) experienced a 0.8 percent increase in its PX index, reaching 2,151.9 points, following three weeks of consecutive declines. Beverage company Kofola rose by 4.84 percent to Kc541, while Photon Energy saw the largest decline, down 2.7 percent to Kc19.46. The week started positively with a gain in CEZ shares, but ended in negative territory, according to Wood & Company broker Vladimir Vavra.

Key Takeaways:

  • The Prague Stock Exchange's PX index added 0.8 percent to 2,151.9 points over the past week, a turnaround from three consecutive weeks of decline.
  • Kofola, a beverage company, led the gainers, increasing by 4.84 percent to Kc541, its third consecutive weekly rise.
  • Photon Energy, a solar power plant maker, suffered the largest loss, down 2.7 percent to Kc19.46.
  • Other notable gainers included Komercni banka, rising 2.67 percent to Kc1,038, and Energy group CEZ, up 1.5 percent to Kc1,217.
  • Erste Group Bank fell by 1.46 percent to Kc1,752, and metallurgical company Gevorkyan lost 0.93 percent to Kc214.

Statistics:

  • The Prague Stock Exchange's PX index added 0.8 percent to 2,151.9 points.
  • Kofola rose by 4.84 percent to Kc541.
  • Photon Energy declined by 2.7 percent to Kc19.46.
  • Komercni banka increased by 2.67 percent to Kc1,038.
  • CEZ group rose by 1.5 percent to Kc1,217.
  • Erste Group Bank lost 1.46 percent to Kc1,752.
  • Gevorkyan metallurgical company fell by 0.93 percent to Kc214.

Sources:

  • CTK (no date specified)
  • Prague Stock Exchange (website)
  • Wood & Company (broker, Vladimir Vavra)