Shares on the Prague Stock Exchange have not yet wiped out losses caused by the pandemic. The Prague PX index still lacks four percent to values before February 20, when the markets panicked. The Czech stock index reached its bottom last March 18, falling by 37 percent to 690 points. The current values of around 1058 points represent an increase of 53 percent, says Starteepo analyst Dušan Jilčík.
The shares of banking houses took the most pandemic, which has to fight with a decline in their profits and an increase in non-performing loans. For example, the value of Komerční banka’s shares fell from CZK 800 to CZK 465, ie by 41 percent. It is now traded for 680 crowns.
The course of the antivirus company Avast developed interestingly. During the February panic, the price of its shares fell from 135 crowns to 80 CZK. However, worldwide interest in the home office and purchases of corporate computers with anti-virus software managed to shoot up the price of Avast to CZK 175 during the next quarter, ie a third higher than in February.
European stock markets have barely been able to erase the losses of February and March 2020 now this January. The German DAX index is only two percent higher. The pan-European EuroStoxx, which represents the 50 largest European companies, is still at a 4% loss. Airbus aircraft manufacturers, for example, logically failed (minus 31 percent). On the other hand, the German food import company Delivery Hero (in the Czech Republic they own Dáme potravin) has managed to strengthen by about 70 percent since the outbreak of the pandemic.
The coronavirus panic on the stock exchanges fully erupted on 20 February 2020. Until then, stock markets had strengthened slightly since the beginning of 2020. U.S. stocks, as measured by the S&P index, bottomed out a month later, down 34 percent since the sell-off. Of the large companies, for example, Boeing is still losing 37 percent after a year. On the contrary, the most valuable company in the world, Apple, thanks to excellent marketing, has strengthened the pandemic by 69 percent since the beginning.
In February 2020, the pharmaceutical company Moderna was priced at around $ 20. Reports that she could be one of the creators of the vaccine have quadrupled its price by November. However, now that their vaccine is already being vaccinated in the Czech Republic, it is at $ 183, ie 815 percent higher. Coronavirus also created another “champion” with a growth of 311 percent. This is Zoom Video Communications, which people use extensively for video conferencing.
Covid brought another phenomenon. It is the increasing share of small investors in the market. “Joint actions on social platforms are just the tip of the iceberg, much more important is the fact that while the share of individual investors in the market was marginal about ten years ago, today it is close to 25 percent,” said Radim Krejčí, founder of the Port investment platform from Wood & Company. . According to him, the dynamics with which this number is increasing is amazing. “We may still be surprised at what all this fact can change,” he concluded.
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