“The unhappy macroeconomic environment in the Czech Republic did not fundamentally affect the management of the largest companies traded on the Prague Stock Exchange, and the market as a whole recorded solid growth this year. If we take into account the dividend yield of Czech shares, the Prague Stock Exchange slightly outperformed the Western European stock markets on average,” said Vávra.
This year, Erste shares grew by 25.82 percent to CZK 902.10. Other banking titles also did well. Moneta shares rose by 23.16 percent to CZK 93.60 and Komerční banka shares by 10.61 percent to CZK 724.50. The banks did well mainly in connection with the increase in the profitability of individual banks, when high market interest rates supported interest margins, added Vávra.
CEZ shares were the second best-performing stock on the stock exchange in 2023. They rose by 24.48 percent to CZK 958.50. When taking into account the dividend yield, however, they clearly performed best when, after taking into account the extraordinary dividend of CZK 145 per share, they brought a gross return of 45 percent to shareholders. During the year, the shares of VIG also performed well, with growth of 19.71 percent to CZK 650, and Kofola, whose shares strengthened by 13.11 percent to CZK 276.
The Pill fell through
On the contrary, the share price of Pilulka fell by 62.15 percent this year to CZK 246. This year, the entire e-commerce sector faced a drop in consumer demand, while the Pilulka company had to respond to the situation with austerity measures in the form of layoffs of administrative staff, withdrawal from the Romanian market and limitation of expansion into Hungary and Austria.
Shares of Photon Energy, which fell by 31.7 percent to CZK 45.90, and Philip Morris ended the year weaker. They fell by 6.58 percent to CZK 15,620.
This year, the development of the shares of firearms manufacturer Colt CZ, which faced a significant slowdown in the growth of profitability due to the collapse of the civilian arms market in the USA, became a disappointment this year. This year, the company’s shares lost 3.8 percent to CZK 531, but after taking into account the dividend of CZK 30 per share paid to investors this year, they brought a total return in the order of low units of percent, concluded Vávra.
Toshiba shares were withdrawn from the stock market after 74 years
2023-12-29 20:13:48
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