In Prague, sales at CEZ

27.6.2022 16:46

The Prague Stock Exchange started the week with a significant decline, when the PX index weakened by 2.18% to 1260.11 points. Most of the decline was due to CEZ shares, which recorded one of the most significant declines in history and depreciated almost 11% to CZK 1,045. The volume traded at the energy company was very high and exceeded CZK 1.1 billion, with a total of just over CZK 1.4 billion traded on the market. Investors’ sales started with information about the considered sector tax. Although there is no consensus in the governing coalition on this step and the strongest ODS is a long-term opponent of sector taxes, the increased political risk was enough to trigger a more significant correction of previous growths. CEZ is holding a general meeting tomorrow and the title will be traded until Thursday with the right to a dividend. The fall of the index was at least slightly hampered by bank stocks, which remained slightly in the red. Komerční banka oscillated around the CZK 700 level, eventually closing just below this target with a profit of 1.3%. Moteta strengthened by 0.51% and Erste Group was the only one not to maintain its ongoing profits (-0.5%). In the traditionally shallow market for Philip Morris shares, a jump to CZK 16,700 was visible today. With a relatively higher trading volume, the exchange rate gradually returned to lower values ​​and ended at CZK 16,280 with a modest gain of 0.49%. The shares of M&T 1997 have had their stock exchange premiere on the Start market. CZK, the exchange rate moved 10% higher to 33 thous. CZK.

David Brzek, broker, Fio banka, as

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